United Future Party: "Party and Government Talk About Next Year's Super Budget... Difficult to Accept Easily"

"Korean New Deal Reflects Over 20 Trillion Won...Suspected Political Intent"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] On the 26th, the United Future Party criticized the ruling party and government for agreeing to formulate next year's budget based on an expansionary fiscal policy, saying, "The people are currently suffering from flood damage and the novel coronavirus infection (COVID-19)," and "It is difficult to readily accept that while they express reluctance to the urgently needed 4th supplementary budget due to fiscal reasons, they are again talking about formulating a super budget for next year."

United Future Party spokesperson Bae Jun-young said in a verbal statement on the same day, "It is suspicious that more than 20 trillion won is being reflected in the Korean New Deal, whose effectiveness has not been verified, without coordination with the opposition party or national consensus, as if they are only eager to increase short-term jobs and trying to gain electoral advantage through one-time projects."

Spokesperson Bae emphasized, "Next year's budget should be formulated by carefully identifying the impacts by sector, region, and class caused by flood damage and COVID-19, and allocating funds appropriately so that there is no wasteful spending."

Spokesperson Bae also said, "Furthermore, it should be accompanied by long-term and fundamental considerations to build basic strength that can firmly withstand the COVID-19 era, rather than temporary economic stimulus measures."

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