[Photo] Ruling Party Reverses Agreement, Is Nationwide Disaster Relief Fund Possible?

Deputy Prime Minister for Economy Hong Nam-ki attended the plenary session of the Special Committee on Budget and Accounts held at the National Assembly on the 14th and gave a proposal explanation on the second supplementary budget. Photo by Yoon Dong-ju doso7@

Prime Minister Kim Boo-kyum attended the plenary meeting of the Special Committee on Budget and Accounts held at the National Assembly on the 14th and drank water as if feeling anxious. Photo by Yoon Dong-joo doso7@

Hong Nam-ki, Deputy Prime Minister for Economy, attended the plenary session of the Special Committee on Budget and Accounts held at the National Assembly on the 14th and greeted before giving a proposal explanation on the 2nd supplementary budget bill. Photo by Yoon Dong-ju doso7@

Prime Minister Kim Boo-kyum attended the plenary meeting of the Special Committee on Budget and Accounts held at the National Assembly on the 14th and is seen talking with Park Hong-geun, the chairman of the Budget and Accounts Committee. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Yoon Dong-joo] The National Assembly's Special Committee on Budget and Accounts held a plenary session on the 14th to present the second supplementary budget bill for the 5th Emergency Disaster Relief Fund payment.

The supplementary budget bill submitted by the government is approximately 33 trillion won in scale, but there is a growing demand to increase the budget for supporting small business owners and self-employed individuals due to the 4th wave of the COVID-19 pandemic, so significant revisions are likely. In particular, the Democratic Party of Korea officially decided the party stance on the previous day to provide the disaster relief fund to the entire population, formalizing the plan to revise the government’s proposal, which was limited to the bottom 80% income bracket, drawing attention to related discussions.

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