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At the eighth emergency economic meeting held at the Blue House on the 10th, President Moon Jae-in said, “As an emergency measure, the government decided to organize a fourth supplemental budget worth 7.8 trillion won.” concentrate on the sectors and occupations with the greatest damage to make it as thick as possible. ” It is an additional complement to the nature of personalized disaster support. The fourth supplementary bill, confirmed through an extraordinary meeting of the state council on this day, is scheduled to be presented to the National Assembly on the 11th.
President Moon said, “Of this, 3.2 trillion won will be given in cash to 291 million small business owners and freelancers up to 2 million won in cash.” I hope “he asked.
As a result of analyzing the details of the cash payments among the government supplemental bills, Maeil Economy will receive a total of 5.98 trillion won in cash, which is equivalent to 10,348,000 people. It has an average of 578,000 won per person. If the communication fees paid to 46 million citizens age 13 and older are added together in 20,000 won increments, the per capita income will reach 600,000 won.
1.4 trillion won is invested to maintain workers’ employment and support livelihoods. Secondary emergency employment stabilization grants are provided in increments from 500,000 won to 1.5 million won for 700,000 people, including special high schools and the self-employed whose incomes have decreased. 500,000 won will be awarded to 200,000 unemployed youth between the ages of 18 and 34.
A total of 400 billion won was arranged for households whose income decreased due to unemployment and vacations, but who were not eligible for such support for small business owners and self-employed or workers. For households with a median income of 75% or less, a maximum of 1 million won (based on a household of 4) is paid in cash for those with assets of less than 600 million won for residents of large cities , 350 billion won for small and medium-sized cities and 300 million won or less for rural and fishing villages.
The universal amount of support provided to the entire public, including parents and cell phone holders, also amounts to 2.2 trillion won. The government extended the family care leave period for another 10 days and increased the special care support target, which provided cash grants of 200,000 won each, from under 7s to elementary school students, benefiting 5.32 millions of people. Families with children under 12 years of age receive support according to the number of children.
For 46.4 million citizens age 13 and over, a one-time communication fee of 20,000 won is provided. A budget of 900 billion won was allocated.
President Moon said: “I know that the subsidy for this supplementary administration is not enough for people suffering from the coronavirus and many people who have had a difficult way of living. Limited financial resources in a situation where we have no choice but issue government bonds without knowing when the crown will end. “It is an unavoidable choice to maximize the effect.” He said: “I hope that people will understand this complementary policy to help the most difficult and vulnerable neighbors first, with solidarity.”
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