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Tae-nyeon Kim (center), the leader of the Democratic Party, is checking the mask while speaking at the Supreme Council meeting held at the National Assembly on the 30th. Reporter Oh Dae-geun
In addition, it was confirmed on the 30th that the Democratic Party and the government are considering securing up to 4 trillion won in the “ third disaster grant ” budget to support the self-employed struggling to live due to the reproliferation of the new coronavirus infection (Corona 19). This is only half of the second disaster grant (7.8 trillion won) that was selectively awarded to some self-employed workers in September. This is because it was not long since the social distancing measures in the metropolitan area were raised to the second stage (24), and it is difficult to calculate the magnitude of the damage caused by Corona 19. At this stage, it is interpreted that it has been determined that it is appropriate to insure only the “minimal” active cartridges. However, if the current distribution of Corona 19 increases, the party government is expected to follow the procedure of organizing an additional (additional) budget plan to pay for the fourth disaster support fund early next year.
Up to 4 trillion won for the third ‘live cartridge’ of disaster allowance … Extra cost in case of power failure
Several key Democratic Party officials said in a talk with Hankook Ilbo that day, “We are considering a promising plan to mirror the third disaster subsidy budget from 3.6 trillion won to 4 trillion won in this budget for next year.” On the scale, he said, “it is now not possible to estimate the magnitude of the damage to self-employment due to social distancing such as trade restrictions, so it is appropriate to ensure only the minimum budget.” In fact, Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, is also known to have said at a high-ranking party, government and government meeting held on the 29th that “next year’s budget ( for the purpose of disaster subsidies) should be sharply increased. ” One trillion won of the target reserve (5.4 trillion won) contained in next year’s government budget will be diverted for disaster support, and the existing business budget will be cut to raise between 600 billion and 1 trillion. won, while 2 trillion won government bonds (debt) will be created recently. If issued, it means you can get up to 4 trillion won of live ammo.
The party government plans to draw up a detailed payment plan if Corona 19’s damage is accounted for in the future after organizing a budget as an “emergency fund” type reserve. According to this schedule, child support is paid starting next January and at least before the Lunar New Year holidays (11-14) in February. However, since the budget is not large, it is highly likely that the third disaster support fund contains only direct support budgets for the self-employed whose business is restricted or prohibited due to social distancing measures, and vulnerable groups who have lost their jobs because of Corona 19. The public welfare budget, which was included in the second disaster grant “ package ” in September, △ the communication costs of 20,000 won (400,000 million won) and the support costs for junior high school students and babysitters 150,000 to 200,000 won (1.3 trillion won) will not be included this time. However, a key member of the Democratic Party said that day that “if it is judged impossible to respond to the Corona 19 spread at approximately 4 trillion won, we will immediately organize an additional administration early next year.”
Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, attends a conference with heads of research institutes and investment banking experts held at the Seoul Government Complex on the 27th and delivers a speech. News 1
The key is financial … 與 “Narat’s debt” versus Jeong “Financial strength problems”
Now the remaining threshold is financing. The party government agreed on the size of the third disaster grant, but has different opinions on how to raise this money. In general, the increase in the budget proposal is made within the range narrowed by the opposition parties. At a high-ranking meeting of the party administration the day before, Vice Premier Hong cut the existing budget of 5 trillion won and issued 2 trillion won in government bonds to secure ‘space’, an increase of 7 trillion won. won, and then the third disaster support fund (+4 trillion won) and the corona vaccine (+1 trillion won). ) and an increase in existing business (+2 trillion won).
On the other hand, it is reported that the Democratic Party and people’s power need to increase the amount to 8.5 trillion won and 11 trillion won respectively. It means that the existing budget should be cut further by at least 1.5 trillion to 4.6 trillion won at the Ministry of Finance, or additional government bonds should be issued. In this regard, an official of the Special Committee on Budget and Liquidation of the National Assembly said: “Neither party can renounce the increase in public welfare budgets, such as various district projects, childcare and housing”, and “why not it’s easy to cut the budget further from the government’s proposed 5 trillion won reduction. ” Eventually, the scale of government bond issuance will increase by 2 trillion won. ”
Junseok Park reporter [email protected]
Jo So-jin reporter [email protected]
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