Assemblyman Jang Byung-wan Announces Three Key Principles for COVID-19 Supplementary Budget Supporting Small Business Owners

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Representative Jang Byeong-wan (Gwangju Metropolitan City Dongnam-gap) has announced three key principles for the supplementary budget support measures for small business owners in response to COVID-19.

On the 18th, Representative Jang Byeong-wan stated, “The supplementary budget for COVID-19 response almost failed due to the 'blame game' between the two major parties, but thanks to the coordination by our third party, the Minsaeng Party, it barely passed the National Assembly, enabling us to respond to the national crisis situation. This supplementary budget is a support measure for small and medium-sized enterprises, small business owners, and self-employed individuals pushed to the brink in a national emergency where both demand and supply have contracted due to paralysis not only in daily activities but also in consumption and production activities caused by COVID-19. Therefore, support must be ▲ swift ▲ accurate ▲ and effective,” he emphasized.

He continued, “Until now, government support measures have been focused on providing assistance only to those in need, but there have still been problems of delayed and desk-bound administration, like ‘taking away umbrellas when it rains and giving umbrellas when the sun shines.’ For the supplementary budget to be allocated appropriately and exhausted early, it is necessary to listen to voices from the field and provide proactive and prioritized support to the small and medium-sized enterprises, small business owners, and self-employed individuals who are truly in need,” he urged.

He added, “The government must set priorities for policies to overcome COVID-19 damage early in line with the passage of the supplementary budget in the National Assembly, requiring selection and concentration at this point. It is also time to focus all national power and resources on escaping the COVID-19 crisis, as well as to drastically strengthen the management of national fiscal spending,” he stressed.

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