People Power Party "Regional Balanced New Deal Vague... Is It Just Election Budget Spending?"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] The People Power Party criticized the government's plan to add a regional balanced New Deal as a new axis of the Korean New Deal, pouring 75.3 trillion won, which is 47% of the total project cost of 160 trillion won, saying it "even raises suspicions of election budget dumping."

On the 14th, Yoon Hee-seok, spokesperson for the People Power Party, said in a statement, "What exactly is the substance of the 'regional balanced New Deal'? Smart cities, smart green industrial complexes, green remodeling, and others all seem vague and ambiguous."

Spokesperson Yoon added, "The projects they plan to undertake are rehashed and forced fits into the Green New Deal, yet the government is trying to exempt even the preliminary feasibility review," and criticized, "I am curious about the real intention behind the sudden emergence of the 'regional balanced New Deal.' Since the local elections are just around the corner, it even raises suspicions of 'election budget dumping in local areas.'"

He pointed out, "The national debt this year, after the fourth supplementary budget, has reached 800 trillion won and is expected to surpass 1,000 trillion won in 2022," adding, "The second disaster relief fund was distributed selectively not long ago, so how can the public, already struggling due to the COVID-19 crisis, sympathize if the government pours more budget into projects with unclear substance?"

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