Prime Minister Jeong: "Next Year's Budget 555.8 Trillion Won, Commitment to Leap as a Leading Nation and Overcome Crises"

Prime Minister Chung Sye-kyun is delivering opening remarks at the Cabinet meeting held at the Government Seoul Office in Jongno-gu, Seoul, on the 1st. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kwangho Lee] Prime Minister Chung Sye-kyun said on the 1st, "The 2021 budget bill amounting to 555.8 trillion won reflects the government's strong will to quickly overcome the current crisis and leap forward as a leading nation."

On the same day, while presiding over the 44th Cabinet meeting at the Government Seoul Office, Prime Minister Chung stated regarding the 2021 budget bill review agenda, "We will protect jobs and businesses against the novel coronavirus infection (COVID-19), and promote consumption and investment to achieve a rapid and strong economic recovery."

Prime Minister Chung emphasized, "We will fully promote the Korean New Deal, focus on nurturing future industries along with key industries to expand growth engines," and added, "We will actively invest finances to eliminate blind spots in employment and welfare, and to protect the people from infectious diseases and disasters."

The government plans to submit the 2021 budget bill to the National Assembly on the 3rd. The National Assembly will begin its 100-day regular session schedule from that day.

Prime Minister Chung requested, "Now is a quasi-war situation where finances must serve as the backbone of the national economy and people's livelihoods," and "I ask for the National Assembly's active cooperation so that crisis response policies can be implemented without interruption."

Regarding the northward approach of Typhoon No. 9 'Maysak,' Prime Minister Chung said, "We must prevent casualties through thorough preparation and minimize property damage," and urged, "Relevant ministries and local governments should pre-inspect risk areas and flood recovery zones to take safety measures."

He also added, "Please provide detailed information on the typhoon's path and action guidelines so that the public can prepare accordingly."

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