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The ruling and opposition parties agree to address next year’s budget after final negotiation
A total of 558 billion won is organized … 2 billion won net increase from the government
Ruling and opposition parties, concession on how to secure financial resources
Some cuts in the New Deal budget … The rest is covered by the issuance of government bonds.
[앵커]
The ruling and opposition parties agreed to a budget of 558 trillion won a day before the deadline to process next year’s budget. Also included were the third disaster grant and the Corona 19 vaccine budget, which were in a tug of war on how to raise funds. The legal deadline has been met for the first time in six years since the Law for the Promotion of the National Assembly came into force in 2014. This is a reporter, general manager. In addition, the Democratic Party and the popular power agreed to process the budget for next year. The last minute negotiations were successful after meetings between the heads of both parties and the secretary of the preliminary commission a day before the deadline for the budget. After a close tug of war between opposition parties, the size of next year’s budget was decided at 558 billion won. Within the existing government, we increased KRW 7.5 trillion and reduced KRW 5 trillion. It has been 11 years since the 2010 budget proposal that the budget increased during the National Assembly review process. In the newly formulated budget, 3 trillion won for the third disaster grant and 900 billion won for the COVID-19 vaccine were reflected for the first time, with the remainder being used for residential stability and support for the vulnerable. As for the method of securing the resources that had been withheld until the last minute, the ruling and opposition parties made a compromise and reached a compromise. The Democratic Party was in a position that the issuance of government bonds was inevitable, and the force of the people was against the need to cut the budget of the ‘Korean version of the New Deal’, a key project of the administration. Moon Jae-in. In the end, instead of cutting part of the New Deal budget, it decided to issue an additional 2 trillion won in government bonds. The ruling and opposition parties plan to hold a plenary session of the National Assembly and approve the budget as soon as the adjustment work is completed. Then, for the first time in six years since 2014, the first year of the National Assembly Promotion Law, the budget will be processed within the legal deadline. As the ruling and opposition parties have recently established a case by case for each pending state issue, it is true that the prospect of being late was predominant. It has set a good precedent for the first time in a long time by showing a step back from next year’s budget. YTN Manager[[email protected]]it is.
