Kim Jaewon: "If Donation Utilization Bills and Local Government Consents Are Obtained, Supplementary Budget Review Will Begin"

[Image source=Yonhap News]

[Asia Economy Reporters Kang Nahum and Jeon Jinyoung] Kim Jae-won, chairman of the National Assembly Budget and Accounts Special Committee from the United Future Party, announced on the 24th that once conditions such as the submission of the budget document for review of the 2nd supplementary budget for emergency disaster relief payments, a special law for the use of donations, and local government consent for local government burden are met, the budget review will begin immediately.

Chairman Kim said in a meeting with reporters shortly after receiving a report on the supplementary budget from Koo Yoon-cheol, 2nd Vice Minister of the Ministry of Economy and Finance, in the afternoon, "We cannot review the budget without a budget document. The Ministry of Economy and Finance must prepare the budget document as stated in the report submitted today."

He added, "Once procedures such as explanations about the special law for voluntary donation use and local government consent for local government burden are completed, the budget review will start immediately."

Earlier, Chairman Kim had submitted 22 inquiries to Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, regarding the supplementary budget review. These included the total amount, the scale of national bond issuance, estimated donation amounts, and accounting treatment plans. He said, "We cannot review because nothing has been submitted to the National Assembly," and added, "I have no intention of obstructing."

Lee In-young, floor leader of the Democratic Party of Korea, urged on the same day in the morning regarding the delay in the supplementary budget review, "The responsibility lies with the United Future Party," and called for "stopping the obstruction of budget review and holding meetings of the Budget and Accounts Committee and standing committees to properly start the supplementary budget review process." He also said, "Delaying the payment of support funds as much as possible may appear as retaliation for election defeat."

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