Ruling and Opposition Parties Agree to Pass 2nd Supplementary Budget at Plenary Session on 29th (Update)

[Asia Economy Reporter Kang Nahum] The ruling and opposition parties have agreed to pass the second supplementary budget bill, which includes emergency disaster relief funds, at the National Assembly plenary session on the 29th.

Yoon Hoo-duk, the senior deputy floor leader of the Democratic Party of Korea, and Kim Han-pyo, the senior deputy floor leader of the United Future Party, held a meeting at the National Assembly on the afternoon of the 27th and agreed on this legislative schedule.

In the agreement, both parties decided to process the supplementary budget bill and related legislation, and to handle the 'State Guarantee Consent for Principal and Interest Repayment of the Period Industry Stabilization Fund Bonds Issued in 2020 for Overcoming the Crisis and Employment' to respond to the national disaster situation caused by the COVID-19 pandemic.

They also agreed to promptly process the special bill on the collection and use of donations for emergency disaster relief funds in the standing committee.

Furthermore, the 'Telegram N-bunbang Recurrence Prevention Act' will be prioritized for processing among the bills pending in the Judiciary Committee, and other bills submitted to standing committees (such as the Science, ICT, Broadcasting and Communications Committee, and the Gender Equality and Family Committee) will also be processed swiftly.

In addition, the Internet Banking Act and the Korea Development Bank Act will be handled simultaneously at the plenary session.

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