[경gi-do National Audit] Kim Dong-yeon "Yoon Seok-yeol Government, Now Is Not the Time for Fiscal Tightening"

Gyeonggi Province Governor Kim Dong-yeon is responding to questions from lawmakers during the National Assembly's Public Administration and Security Committee's audit of Gyeonggi Province held at the Gyeonggi Provincial Government Office on the 17th.

Kim Dong-yeon, Governor of Gyeonggi Province, once again criticized the Yoon Seok-yeol administration's fiscal austerity.

On the 17th, during the National Assembly's Public Administration and Security Committee's audit of Gyeonggi Province held at the Gyeonggi Provincial Office, Governor Kim explained, "Gyeonggi Province expects a tax revenue shortfall of 1.9 trillion won this year and has prepared supplementary measures through a supplementary budget," adding, "We prepared fiscal policies considering the economic situation."

He particularly emphasized, "Among the various roles of fiscal policy, expansionary fiscal policy should be implemented during difficult times to stabilize the economy," stating, "Looking at the current domestic GDP, private consumption, investment, and net exports are all struggling. The only tool available in this situation is fiscal policy. While we should aim for sound fiscal management in the mid to long term, for now, we need to stimulate the economy and support vulnerable groups through active expansionary fiscal policy."

Governor Kim also pointed out the government's fiscal austerity and errors in tax revenue forecasts, saying, "The Yoon Seok-yeol administration is pursuing fiscal austerity because it failed to properly predict economic recovery and real estate transactions, which led to reduced tax revenues."

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