Yun Hojung: "Additional Fiscal Measures Including Supplementary Budget to Be Considered in Summer"

Yoon Ho-jung, floor leader of the Democratic Party of Korea, is attending the Supreme Council meeting held at the National Assembly on the 31st and delivering opening remarks. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Jeon Jinyoung] As the Democratic Party of Korea has begun to ignite discussions on the 2nd supplementary budget (추경), Yoon Ho-jung, the party's floor leader, stated on the 31st, "We plan to devise additional fiscal measures, including the supplementary budget, to inject warmth into the real economy that has contracted this summer."

At the Supreme Council meeting held at the National Assembly that morning, Yoon said, "According to expert research, if vaccines are administered as the government intends and social distancing is maintained, the path to daily life recovery will open after the third quarter."

At the Supreme Council meeting on the 28th, Yoon indicated the possibility of drafting a supplementary budget by saying, "If the 2nd supplementary budget is prepared this year, it will act as a lubricant for our economy."

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