"Mind Your Decency" "Commit Crimes in Moderation" Yoon Hee-sook's Sharp Critique of Moon's Supplementary Budget Formation

Yoon Hee-sook, a member of the People Power Party, is conducting an unlimited debate (filibuster) on the full revision bill of the National Intelligence Service Act at the National Assembly plenary session on the afternoon of December 11 last year. [Image source=Yonhap News]

[Asia Economy Reporter Kim Soyoung] Yoon Heesook, a member of the People Power Party, sharply criticized President Moon Jae-in, who ordered the preparation of a supplementary budget (supplementary budget) using additional tax revenue, saying, "Don't just think about a money party and end up with a debt party; you should spend it well where there is pain."

On the 9th, Yoon posted on her Facebook, "If you have issued this much debt that will crush the shoulders of the younger generation for a long time, you should have some shame," asserting this.

She said, "Last year, nearly 120 trillion won in debt was issued, and when tax revenue came in more than expected this year, President Moon insisted that the money should be used for the supplementary budget," adding, "The principle under the National Finance Act that excess tax revenue should be used to repay debt is completely ignored."

She continued, "Currently, overall consumer sentiment and the economy are recovering, so economic stimulus is not necessary, but there is still a lot of money to be spent, such as support for small business owners hit by COVID-19," and pointed out, "Therefore, the order is to first discuss what expenditures are needed and to what extent."

She then warned, "If the Blue House and the ruling party's intention is 'the election is approaching, and since money has come in, let's quickly distribute it to all citizens to buy votes,' then they should stop committing sins before history to a reasonable extent."

Yoon also criticized, "This government showed the extreme of reckless finances with a budget growth rate exceeding twice the economic growth rate for three consecutive years from 2018 to 2020, even before COVID-19," and said, "The total debt accumulated through two economic crises since the founding of the country up to the Park Geun-hye administration is 660 trillion won, but the debt increased by the Moon Jae-in administration alone is a whopping 410 trillion won."

President Moon Jae-in is speaking at the Cabinet meeting held at the Blue House on the morning of the 8th.
[Photo by Yonhap News]

Earlier, at the Cabinet meeting on the 8th, President Moon said, "Please make every effort for an inclusive economic recovery where all citizens can enjoy warmth, including preparing a supplementary budget using additional tax revenue that increased more than expected, revitalizing struggling companies and self-employed businesses, reviving consumption among ordinary people, and accelerating job recovery." He added, "I hope the government will prioritize resolving polarization and inequality and job recovery during the COVID-19 recovery process and focus policy and financial support accordingly."

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