The ruling party “Limited to blocking the budget change … Support Corona · vaccine, the issuance of government bonds is inevitable”

Consultations between parties, governments and agencies … Sye-gyun Jeong “Insured more than 30 million vaccines”The Ministry of Knowledge Economy “deteriorates financial strength” … Popular power “Reduce new distributors”

In addition, the Democratic Party has stepped up the net budget increase for next year by issuing government bonds in connection with the Corona 19 “third disaster support fund” financing plan. The budget was considered to ensure personalized damage and vaccine subsidies Corona 19 is a new project that was unexpected at the time of this budget. However, the government is concerned about the deterioration of fiscal soundness and the force of the people insists that “financing should be prepared by cutting the Korean version of the New Deal by 10 trillion won.” On the 29th, the party, the government and the government discussed the plans to prepare the budget for the third disaster support fund and the payment targets in a high-level consultation. Prime Minister Jeong Sye-gyun announced that he will ensure the vaccine volume of “more than 30 million people.”

Democratic Party legislator Park Hong-geun, secretary of the National Assembly Special Committee on Budget and Liquidation, spoke to a reporter on the 29th and said: “There is no other way except the net increase in the budget through bonds. government to secure personalized Corona 19 vaccine and injury subsidies. ” The purpose of this is that the budget that the Preliminary Committee of the National Assembly can reduce is insufficient to cover the third disaster grant and the financing to secure the vaccines.

The Democratic Party is wrestling with demands from the force of the people that it needs additional cuts to secure disaster subsidies and vaccine budgets during the budget review process. There is not much room for additional cuts in the state where high intensity budget cuts have already been requested and large-scale increases are needed, such as additional budgets for stable housing for ordinary people or budgets needed for post-declaration decarbonization from ‘Net Zero (carbon neutral) in 2050’. Not few. The Democratic Party argues that the scope of budget management is not broad, as there is a continuing demand for an increase in the welfare budget for the socially disadvantaged, as well as education, childcare, and employment due to the reproliferation of Corona 19.

The Democratic Party is planning to determine the support target, amount of damage, and payment method by looking at the Corona 19 trend after increasing the budget for the third disaster support payment to the target reserve. If the budget to ensure vaccines (900 billion to 1.3 trillion won) is added to the 3.6 trillion won proposed by the opposition party as a budget for the third disaster support fund, it is expected that the amount of the budget increase increases from at least 4.5 trillion won to 4.4 trillion won. . However, the size of financial resources will be determined taking into account the fact that the number of industries included in the collective ban due to physical (social) distance measures decreased compared to the second disaster aid payment (5 industries ) and the rapid increase in confirmed cases. Expected.

The government also formalized the expansion of vaccine supply. Prime Minister Chung said at a press conference: “30 million people have been confirmed so far,” and said: “I think it would be better to secure a little more quantity.”

However, the Ministry of Strategy and Finance and the opposition party are in a position to assess the fiscal soundness. The force of the people insisted that the budget for the Korean version of the New Deal be reduced by 50% (10 trillion won) to raise funds. Some people are also discussing a plan to use some of the purpose reserves (approximately 2 trillion won) in the disaster support budget as an arbitration plan.

The government issued 44.2 trillion won in deficit government bonds in 4 additional rounds this year, including the first and second disaster grants. A government official said: “Emergency support for the vulnerable, such as the self-employed and small business owners, whose business damage is inevitable due to increased distancing, is inevitable. However, if the expansion of the crown continues next year, it will have to be reinforced again. The collection of financial resources may worsen fiscal soundness. “

Incident #Corona 19