Cheong Wa Dae on 4th Supplementary Budget Formation: "Need to Watch Ruling and Opposition Discussions" (Update)

Government and Democratic Party to Hold Disaster Response Policy Meeting on the 12th

On the morning of the 11th, after the rain had eased, belongings of flood victims were piled up in an open space in Yongjeon Village, Geumji-myeon, Namwon City, Jeonbuk, which was affected by the flood. / Photo by Yonhap News

[Asia Economy Reporter Lim Ju-hyung] Regarding the mention of a 4th supplementary budget (supplementary budget) as a flood damage countermeasure in the political circle, the Blue House stated, "We need to wait and see."

A senior Blue House official said in response to a reporter's question, "Is the government discussing the 4th supplementary budget mentioned by the ruling party?" "We need to watch the discussions between the ruling and opposition parties," adding, "It does not seem to be an issue for us to respond to directly."

The government and the Democratic Party of Korea plan to hold a disaster countermeasure meeting on the 12th to discuss topics such as expanding special disaster areas, actualizing disaster relief funds, and preparing a supplementary budget.

Meanwhile, some in the political circle are voicing the need to prepare a 4th supplementary budget as part of flood damage countermeasures.

Earlier, on the 10th, Lee Hae-chan, leader of the Democratic Party, stated at the party's Supreme Council meeting regarding flood damage countermeasures, "We will hold a high-level party-government meeting concerning all necessary matters such as expenditure of contingency funds and preparation of a supplementary budget."

Kim Jong-in, emergency committee chairman of the United Future Party, also said at a press conference that day, "We have spent a lot of money so there is no budget left," adding, "The scale of the flood damage is so large that we cannot avoid preparing a supplementary budget."

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