Choi Sang-dae "Maintain sound fiscal policy in next year's budget, boldly invest in welfare and jobs"

2024 Yakja Welfare and Job Support Direction Meeting

Choi Sang-dae, the 2nd Vice Minister of the Ministry of Economy and Finance, stated on the 20th, "Next year, we will maintain a sound fiscal policy while boldly investing in welfare and job support for socially vulnerable groups."

Vice Minister Choi made these remarks at the '2024 Direction for Welfare and Job Support for the Vulnerable' meeting held at the Government Seoul Office in Jongno-gu. The meeting was organized to gather expert opinions on job support for socially vulnerable and employment-vulnerable groups before the budget proposal was drafted.

Choi Sang-dae, Vice Minister of Strategy and Finance, is delivering the opening remarks at the "2024 Welfare for the Vulnerable and Job Support Direction Meeting" held on the 20th at the Government Seoul Office in Jongno-gu, Seoul.

Vice Minister Choi said, "While strongly protecting vulnerable groups affected by traditional social risks such as poverty, aging, and disability, we must also expand support to vulnerable groups facing new social risks such as weakened family functions, isolation, abuse, and violence," adding, "We will strengthen investments in the three major areas of welfare for the vulnerable: proactive response to welfare blind spots, enhancement of coverage, and expansion of self-reliance foundations."

He continued, "We will expand support for new welfare demands such as single-parent families, children of multicultural families, and isolated reclusive youth, and provide new social services," and mentioned, "We will consider ways to advance care services for the elderly and disabled." He also stated, "To alleviate the living expenses burden of vulnerable groups, we plan to strengthen the coverage of existing welfare systems such as the Basic Livelihood Security Program," and added, "We will enhance support for asset-building projects to promote self-reliance of low-income households and expand self-support projects for Basic Livelihood Security recipients and near-poverty groups."

Addressing the related ministries attending the meeting, he said, "True customized welfare is achieved by creating a virtuous cycle of welfare and employment through active job support for citizens with work ability," and urged, "Please eliminate blind spots in employment support projects for vulnerable groups such as the elderly and disabled, and advance customized services."

Meanwhile, Vice Minister Choi promised, "Each ministry will actively identify welfare demands requiring government support through field opinion gathering and ensure they are reflected in the budget proposal."

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