President Yoon to Deliver Supplementary Budget Policy Speech at National Assembly Plenary Session on the 16th of This Month

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] President Yoon Seok-yeol will visit the National Assembly to deliver a policy speech.

According to the Presidential Office on the 13th, President Yoon is scheduled to deliver a policy speech related to the supplementary budget bill at the plenary session of the National Assembly on the 16th.

President Yoon is expected to urge the prompt passage of the 'COVID-19 Loss Compensation Supplementary Budget Bill,' which was submitted to the National Assembly after approval at an extraordinary Cabinet meeting as the first national agenda item.

Earlier, the Yoon Seok-yeol administration held its first extraordinary Cabinet meeting at the Yongsan Presidential Office building the previous day and approved a supplementary budget bill totaling 59.4 trillion won, including 36.4 trillion won in central government expenditures and funds transferred to local governments. The core of the bill is to provide additional loss compensation payments ranging from 6 million to 10 million won to small business owners affected by COVID-19 quarantine measures.

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