Yun Hojung "Swift Promotion of 2nd Supplementary Budget After Presidential Election"

Yoon Floor Leader: "The State Fully Responsible for Public Harm... Emergency Financial Orders Will Be Used If Necessary"

[Asia Economy Reporter Baek Kyunghwan] The Democratic Party of Korea has announced its stance to mobilize a second supplementary budget after the presidential election and, if necessary, an emergency financial order.

On the 22nd, Yoon Ho-jung, the floor leader of the Democratic Party, stated at the National Assembly's Supreme Council meeting in the morning, "With this supplementary budget, we will restart the complete recovery of people’s livelihoods," adding, "To fully take responsibility for the damage suffered by the people, we will swiftly push forward a second supplementary budget after the presidential election and, if necessary, also mobilize an emergency financial order."

Yoon mentioned that this supplementary budget is insufficient, but "we have tried to uphold the fundamental principle that no one should be left behind."

In particular, he explained, "The insufficient parts will be sufficiently compensated immediately upon the election of candidate Lee Jae-myung," adding, "We will strengthen the management of severe patients and support for home treatment, as well as reinforce local government personnel, distribute rapid antigen test kits, introduce a test reservation system, and narrow and eliminate blind spots in quarantine measures such as easing social distancing." He continued, "Candidate Lee Jae-myung and our party’s 172 lawmakers will hold flexible and rational smart quarantine in one hand and full compensation and responsibility in the other, dedicating all efforts to deeply care for people’s livelihoods and the lives of the citizens during the remaining period."

Meanwhile, the National Assembly passed a supplementary budget bill worth a total of 16.9 trillion won at the plenary session the day before. Accordingly, 3 million won in quarantine support funds will be provided to 3.32 million small business owners and others. The revised bill increased by 2.9 trillion won from the government’s original 14 trillion won plan, totaling 16.9 trillion won. This resulted from increasing the original bill by 3.3 trillion won while reducing the previously included contingency budget by 400 billion won.

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