Hong Nam-ki: "Party-Government Cooperation More Important Than Ever... 20 Trillion Won Invested in New Deal Projects"

Party and Government, Hold 1st Meeting of New Deal Party-Government Promotion Headquarters

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] Hong Nam-ki, Deputy Prime Minister for Economy and Minister of Strategy and Finance, emphasized on the 20th that "party-government cooperation is more important than ever in revitalizing the economy and taking care of people's livelihoods."

In his opening remarks at the first meeting of the New Deal Party-Government Promotion Headquarters held at the National Assembly that day, Deputy Prime Minister Hong stated, "In the case of the Korean New Deal, the formation of the Party-Government Promotion Headquarters will serve as a touchstone for party-government cooperation." He added, "The government will make special efforts to consult and cooperate with the party."

The government will reflect a budget of more than 20 trillion won for the Korean New Deal project in next year's budget. He explained, "We plan to prioritize support to ensure that the Korean New Deal investment plan and fiscal investment are secured without any setbacks."

He continued, "We will prepare detailed plans to ensure the smooth implementation of the Korean New Deal projects worth 4.8 trillion won to be promoted in the second half of this year."

He also announced that the government will actively create a 'People-Participatory Korean New Deal Fund' to channel abundant liquidity in the market into productive sectors.

Meanwhile, at the meeting, they discussed ▲ the 2020 promotion plan for major tasks of the Korean New Deal ▲ the 2021 fiscal investment plan for the Korean New Deal ▲ and the plan to establish the People-Participatory Korean New Deal Fund.

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