Opposition: "Democratic Party's 'Supplementary Budget Rush' is Invalid... Should Be Processed as Loss Compensation Package Bill"

"The meeting on the 19th itself is fundamentally invalid"

[Image source=Yonhap News]

[Asia Economy Reporter Park Jun-yi] The People Power Party (PPP) claimed that the meeting itself was invalid after the Democratic Party of Korea (DPK) unilaterally passed a 14 trillion won government proposal in the National Assembly’s Budget and Accounts Special Committee in the early hours of the 19th, and demanded that the bill related to compensation for small business losses be processed together as a package.

PPP members of the Budget and Accounts Committee held a press conference at the National Assembly after the plenary session adjourned on the afternoon of the 20th, stating, "The Democratic Party’s attempt to rush the supplementary budget confirms that the meeting itself was fundamentally invalid," and added, "The submission of the original 14 trillion won government proposal confirms that the Democratic Party itself has shown that all previous increases in support for small business owners were false and merely for show."

They also stated, "The People Power Party strongly demands that the related legal amendments be processed as a package along with this supplementary budget, including retroactive application of loss compensation, raising the compensation rate to 100%, adjusting the minimum amount to 1 million won, and including travel agencies and event planning businesses as eligible for loss compensation."

Furthermore, Ryu Seong-gil, the PPP secretary, told reporters, "Today, there was a plenary meeting of the Budget and Accounts Committee to discuss why the process was rushed and violated so many procedures," and explained, "Over the past 20 days, there were many agreements reached through standing committee meetings, Budget and Accounts Committee plenary sessions, subcommittee meetings, negotiations between ruling and opposition party secretaries, and consultations with the government, so this action is truly incomprehensible."

The Democratic Party held a unilateral Budget and Accounts Committee plenary session at 2:08 a.m. the previous day and passed a 14 trillion won supplementary budget bill that includes providing 3 million won in quarantine support funds to 3.2 million self-employed and small business owners.

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