Disaster Relief Fund Criteria and Cashback Usage Review... Announcement After Supplementary Budget Approval

[Asia Economy Reporter Jang Sehee] The government reviewed and discussed the selection criteria for the disaster relief fund payment, which targets the bottom 80% income bracket.

On the 9th, the government held the 2nd meeting of the '2021 2nd Supplementary Budget Pan-Government Task Force (TF)' chaired by Ando Geol, Vice Minister of Strategy and Finance, at the Government Seoul Office. They focused on detailed institutional design plans and implementation strategies for the COVID-19 damage support three-package program. The government discussed ▲selection criteria for recipients within the bottom 80% income bracket ▲high-value assets and cutoff standards ▲scope of cashback usage.

Regarding the Win-Win Consumption Support Fund, they reviewed usage locations and restricted consumption items, and for the Hope Recovery Fund, they focused on the classification criteria for 24 support types and payment timing.

The government plans to continue gathering opinions and conducting internal TF reviews on key issues. Afterwards, they will finalize the institutional operation plan and implementation strategy by reflecting the discussion results during the National Assembly’s supplementary budget review, and announce them collectively after the supplementary budget passes.

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