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As President Moon Jae-in delivers a correction speech on next year’s budget in the main assembly hall of the National Assembly on the morning of the 28th, members of the first opposition party, the People’s Power, listen to the speech. with pickets written on their desks that say, ‘Is it me?’ [김호영 기자]On the 28th, President Moon Jae-in delivered a revised speech on next year’s budget to the National Assembly. In a 39-minute speech, ‘Economics’ was mentioned 43 times. It was mentioned more (29 times) in last year’s municipal speech, but last year the focus was on equity (27 times). This year, due to Corona 19, which has hit the world since the beginning of the year, has made it clear that it will change the course of the state administration of reforms such as ‘clearing the redemption’ and ‘just society’ to ‘economic vitality’ to overcome the crisis of Corona 19. That is why the second most mentioned word on this day is “crisis” (28 times). President Moon diagnosed that “the worst economic crisis facing humanity since the Great Depression” and “the complex crisis unprecedented in history, which is affecting both the real economy and finances, domestic demand and exports to the at the same time, it is putting the world economy on the edge of a precipice. ”
At the same time, he expressed his willingness to succeed in the economic rebound based on K-Defense, which has become a model practice worldwide. President Moon said, “Korea is becoming a country that is exceptionally good at implementing quarantine mitigation measures,” and said, “It is attracting the world’s attention for its miraculous savings in the economy.” In fact, exports rebounded after 7 months in September, and the growth rate of gross domestic product (GDP) in the last 3 quarters also registered a positive growth of 1.9%, surpassing the negative growth of the first half.
President Moon expressed his willingness to get the economy back on track next year by overcoming the Corona 19 crisis. President Moon said: “I will continue the trend of economic recovery in the fourth quarter using the hope created in the third quarter.” He also stressed that funding for drastic expansion is inevitable. The government’s budget for next year was 555.8 trillion won, an 8.5% increase from the previous year. As if aware of the criticism of fiscal strength, President Moon said: “The government will not neglect efforts to protect fiscal strength by actively putting in fiscal money and carrying out bone-sharpening spending restructuring.”
There are four agendas that President Moon proposed to mark the ‘Golden Time’ of the economic rebound. First, for the “quick war” of economic recovery, protection and job creation were presented as the top priority. President Moon emphasized: “I will accelerate the economic recovery and achieve some economic rebound” and “next year, employment will be the biggest public welfare problem and the starting point for economic recovery.” It plans to protect 460,000 jobs with job maintenance subsidies and create 570,000 private jobs through personalized support for the young and middle-aged. The government also provides 1.33 million public jobs for the vulnerable, including the elderly. To this end, policy funds of 72.9 trillion won, living SOC (general equity capital) of 11.1 trillion won, and trade policy funds of 5.58 trillion won will be invested.
The Korean version of the New Deal is the hottest topic President Moon’s state administration will push at the end of his term. It is also a legacy (legacy) of the Moon Jae-in administration along with overcoming the Corona 19 crisis. President Moon emphasized: “The Korean version of the New Deal is a national development strategy that is invested in a total of 160 billion won as a national transformation project to advance to a leading country. ” In the next year alone, we will invest 7.9 trillion won in the Digital New Deal, 8 trillion won in the Green New Deal, and 5.4 trillion won to strengthen the social safety net that is the foundation.
In addition, President Moon announced that he would make bold investments in future growth engines for “innovative growth,” one of the three tasks of the national government. President Moon said, “We will increase industrial competitiveness in the future by investing 4 trillion won in three new industries, such as system semiconductors, automobiles of the future, and biological health.” Strengthening the employment safety net and the social safety net is also a key task. President Moon emphasized, “Starting next year, we will invest 46.9 trillion won to build a stronger social safety net for livelihoods, health care, housing, and education.” To do this, he emphasized the expansion of the basic pension for all older adults, the offer of 190,000 public rental housing, the extension of free secondary education to all grades, the establishment of a national network for labor safety and the stability of the real estate market.
President Moon avoided making direct comments about the conflict between the Minister of Justice, Choo Mi-ae, and the attorney general, Yoon Seok-yeol. However, he urged the National Assembly to address the 3 fair economy laws, such as the Trade Law, the Fair Trade Law and the Financial Groups Supervision Law, the Police Law and the National Service Law. Intelligence, etc. I hope that the delay in launching (Airborne Service) ends now. ”He also revealed the will to improve inter-Korean relations, which are in the worst situation, including with the recent assassination of an official in the West Sea. President Moon He said: “Much progress has been made in the last three and a half years, but the dialogue will stop again and people’s concerns will be great due to the recent death of our people in the Western Sea,” he said. “On the other hand, it was an opportunity to reaffirm the desperation of the peace regime, “he said. He stressed that” we must go to peace even if it has been jumping the barriers in front of us for some time.
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