Kim Dae-gi: "Please Ensure No Government Vacuum by Passing Budget and Bills"

Attending High-Level Party-Government Meeting, Mentioning Next Year's Economic Crisis and "Policy Implementation Also Restricted"

Kim Dae-gi, Chief Secretary to the President, is giving an opening speech at the High-level Party-Government Council held at the Prime Minister's Official Residence in Samcheong-dong, Jongno-gu, Seoul on the 18th. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Bae Kyunghwan] Kim Dae-gi, Chief of Staff to the President, stated on the 18th, "I earnestly request the National Assembly to promptly pass the budget and related bills to ensure there is no gap in government operations."

On the same day, during the 6th High-level Party-Government Meeting held at the Prime Minister's Residence in Samcheong-dong, Jongno-gu, Seoul, Chief Kim said, "Next year's economy is expected to be very difficult. It seems that there are also constraints in implementing policies," conveying this request.

In particular, Chief Kim said, "After completing the work reports, for smooth government administration, the budget bill and laws pending in the National Assembly need to be passed quickly to reduce uncertainty." He added, "Since the global economy is not doing well, exports will also be weak, and domestically, uncertainties in the housing and financial markets will continue." He further stated, "The biggest concern is that debts for the state, companies, and households have all increased to record highs."

Regarding labor market reforms to be discussed at the party-government meeting that day, he said, "The President also mentioned at the recent National Task Review Meeting that if the labor market is not changed, we will inevitably lose in competition, and although it may be unpopular, it is something that must be done for future generations." He added, "We ask for your utmost cooperation."

Chief Kim also introduced the government ministries' work reports scheduled to begin this week. He explained, "The government plans to report on next year's economic management direction this week to ensure no gaps in government operations. Starting with the Ministry of Economy and Finance, ministries will begin their work reports for next year, aiming to complete all reports by mid-January after each ministry submits theirs by the end of the year."

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