President Moon: "Supplementary Budget Execution and Summer Heavy Rain Damage Support Must Be Completed Before Chuseok"
[Asia Economy Reporter Kwangho Lee] On the 21st, President Moon Jae-in instructed during his weekly meeting with Prime Minister Chung Sye-kyun that "the execution of the supplementary budget (추경) and support for damages caused by the concentrated summer rains must be carried out swiftly before Chuseok."
President Moon met with Prime Minister Chung at the Blue House and said, "Please ensure that support based on the supplementary budget can be provided before Chuseok to help the citizens who are experiencing difficulties, even if only a little."
He especially requested, "Please prioritize payments to vulnerable employment groups such as small business owners, special types of workers (특고), freelancers, and families with young children who have been heavily affected."
The government plans to expedite the early execution of the supplementary budget by providing support funds to small business owners who can verify sales decline through administrative information without submitting separate documents, via online applications. For special types of workers and freelancers (500,000 people) who have already received emergency employment stabilization support, notification texts will be sent and payments will be made without additional screening after application.
Additionally, for preschool children (2.52 million), support payments will be made within September using existing child allowance accounts, and for elementary school students (2.8 million), school banking accounts will be utilized to facilitate payments.
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Meanwhile, the 3.4277 trillion won (2.5268 trillion won national funds, 900.9 billion won local funds) allocated for recovery support from the concentrated heavy rains in July and August, which is scheduled to be approved at tomorrow's Cabinet meeting, will also be executed as soon as possible.
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