Vice Minister Ki Jae: "72% of COVID Supplementary Budget Executed... Disaster Relief Fund to be Paid After Supplementary Budget Passes National Assembly"

[Asia Economy Reporter Jang Sehee] The government emphasized that it has executed 71.5% of the first supplementary budget (supplementary budget) allocated for the early overcoming of the novel coronavirus infection (COVID-19) within one month.

On the 17th, Koo Yoon-chul, Vice Minister of Strategy and Finance, held the 5th Emergency Financial Management Inspection Meeting at the Government Seoul Office and announced this.

Vice Minister Koo said, "The first supplementary budget was passed by the National Assembly on March 17, and as of the 14th of this month, 71.5%, or 7.1 trillion won, of the 9.9 trillion won project budget has been executed," adding, "This is close to the goal of executing more than 75% within two months."

Furthermore, the government plans to promptly execute the second supplementary budget proposal submitted on the 16th. The government decided to secure funds through expenditure adjustments such as cuts in expenditure projects amounting to 6.4 trillion won out of the 7.6 trillion won supplementary budget, and early repayment and additional deposits of funds totaling 1.2 trillion won.

Vice Minister Koo also stated, "Considering the urgent and desperate public demand for the payment of emergency disaster relief funds, we plan to proactively implement preparatory procedures so that emergency disaster relief funds can be paid as quickly as possible after the supplementary budget bill passes the National Assembly."

This content was produced with the assistance of AI translation services.