Park Hong-geun Elected as Budget Committee Chair "Will Ensure 2nd Supplementary Budget Passed by the 23rd"

Election of the Budget Committee Chairperson to Approve the 2nd Supplementary Budget Bill at the National Assembly Plenary Session on the 8th

[Asia Economy Reporter Oh Ju-yeon] Park Hong-geun, a member of the Democratic Party of Korea, was elected as the chairman of the National Assembly's Special Committee on Budget and Accounts. Park, a three-term lawmaker who previously served as the committee's secretary, pledged to lead the approval of the 2021 2nd supplementary budget bill by the 23rd.

Park Hong-geun, a member of the Democratic Party of Korea, is attending a meeting of three-term Democratic Party lawmakers held at the National Assembly on the 13th. Photo by Yoon Dong-joo doso7@

At the plenary session of the National Assembly held on the 8th, Park Hong-geun was elected as the temporary chairman of the Special Committee on Budget and Accounts for the review of the 2nd supplementary budget bill.

In his acceptance speech at the plenary session, Chairman Park said, "I will carry a heavy sense of responsibility and do my best to ensure that the national finances help restore the daily lives of the people."

He added, "Based on the expertise I gained while serving as the committee's secretary, I will handle the 2nd supplementary budget smoothly and efficiently," emphasizing, "I will make sure the supplementary budget is approved at the plenary session on the 23rd."

The Democratic Party will accelerate the processing of the supplementary budget bill starting with the government's policy speech on the 2nd supplementary budget on the same day. The supplementary budget bill, amounting to 33 trillion won, also includes the plan for the 5th disaster relief fund payment. The government advocates selective support for the bottom 80% income bracket, while the ruling party leans toward nationwide disaster relief payments, so further discussions are expected until the bill passes.

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