Kim Wan-seop, Deputy Minister of Economy and Finance, "Completion of 70 Trillion Won Budget Execution for Livelihood Stabilization"

Kim Wan-seop, Vice Minister of Strategy and Finance, is delivering opening remarks at the 'Fiscal Execution Review Meeting' held at the Government Complex in Jongno-gu, Seoul, on the afternoon of the 22nd.

The government announced that it has executed 70 trillion won out of the 90 trillion won budget allocated for stabilizing people’s livelihoods.

On the 22nd, the Ministry of Economy and Finance held a ‘Fiscal Execution Review Meeting’ at the government complex in Jongno-gu, Seoul, chaired by Second Vice Minister Kim Wan-seop, to discuss the current status of execution and future plans for livelihood stabilization and economic revitalization projects.

According to the Ministry, out of the 89.9 trillion won livelihood stabilization budget, which is being focused on to reduce the burden on low-income and vulnerable groups, 70.6 trillion won (78.6%) had been executed as of the end of last month. For economic revitalization support projects, 18.5 trillion won (69.7%) out of 26.5 trillion won was executed. Both budgets exceeded the total expenditure execution rate of 65.5%.

Vice Minister Kim stated, “Although the execution conditions are difficult, we will focus on fiscal management that is meticulously and precisely designed by utilizing available resources and prioritizing fund allocation.”

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