[Breaking News] Government Allocates 11.7 Trillion Won for 'COVID-19 Supplementary Budget'
[Sejong=Asia Economy Reporter Joo Sang-don] The government has prepared an additional supplementary budget of 11.7 trillion won to minimize the impact of the novel coronavirus infection (COVID-19) and achieve early recovery.
On the 4th, the government held an extraordinary Cabinet meeting and confirmed the supplementary budget plan containing these details. This supplementary budget consists of an expenditure increase of 8.5 trillion won and a revenue adjustment of 3.2 trillion won to cover the shortfall in tax revenue.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Was This Delicious Treat Enjoyed Only by Koreans?"... The K-Dessert Captivating Japan
- Han Donghoon Criticizes Hong Joonpyo: "Even If He Defects to the Democratic Party, They Won't Accept Him" for Defending Jeong Wono
- Despite Captivating the Nation for Over a Month... "Timmy" the Whale Ultimately Found Dead
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
The government allocated 2.3 trillion won to strengthen and advance the quarantine system including infectious disease inspection, diagnosis, and treatment; 2.4 trillion won to support the recovery of small and medium-sized enterprises and small business owners affected by COVID-19; 3 trillion won for livelihood and employment stabilization to achieve early overcoming of COVID-19; and 800 billion won to support the recovery of the depressed local economy.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
