Deputy Prime Minister Hong: "Early Next Year, 'Seol Livelihood Stabilization Measures' to Be Announced... Prioritizing Price Stability for Ordinary People"

Hong Nam-ki, Deputy Prime Minister for Economy and Minister of Strategy and Finance Photo by Yonhap News

[Sejong=Asia Economy Reporter Son Seon-hee] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, said on the 28th, "Please prepare so that the 'Seolminsaeng Stability Measures,' which prioritize stabilizing the cost of living for ordinary citizens in relation to inflation, can be announced in early January (next year)."

Deputy Prime Minister Hong made this request to the Ministry of Economy and Finance staff during an expanded executive meeting held at the Government Sejong Complex in the afternoon. He also added regarding the real estate market, "Ensure that the downward stabilization trend in the market, such as the decline in housing prices in January next year, is firmly established."

In particular, Deputy Prime Minister Hong said, "Recently, in relation to the presidential election, there have been some critical voices from the political circles regarding the current government's policies and achievements," and added, "It is important to humbly accept what should be accepted, but efforts to accurately convey to the public any information that is being misrepresented are crucial." He then ordered, "Strengthen these communication efforts by utilizing the policy achievements and task booklet presented together during the announcement of the '2022 Economic Policy Directions' last week, and especially make separate and special promotional efforts regarding employment, taxation, and finance, which are of high public interest."

Deputy Prime Minister Hong also emphasized, "The Budget Office, Taxation Office, and Deputy Minister's Office for Finance should thoroughly check and prepare for the revision of the 2022 budget execution guidelines, the allocation of the first quarter budget and funds, and the preparation for project execution so that the budget can be executed immediately from January 3, the first working day of the year." He continued, "Please prepare thoroughly to ensure there are no setbacks in the launch of the next-generation budget accounting system 'd-Brain,' which has been developed over approximately two years."

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