[경gi-do National Audit] Kim Dong-yeon "Very Concerned About Next Year's Government Budget"

Gyeonggi Province Governor Kim Dong-yeon is responding during the National Assembly Land, Infrastructure and Transport Committee's audit of Gyeonggi Province held at the Gyeonggi Provincial Government on the 23rd.

Kim Dong-yeon, Governor of Gyeonggi Province, expressed concern that the national budget for next year under the Yoon Seok-yeol administration is "very worrisome."

On the 23rd, during the National Assembly Land, Infrastructure and Transport Committee’s audit of Gyeonggi Province held at the Gyeonggi Provincial Office, Governor Kim stated, "There are two aspects of the government budget for next year that cause concern," adding, "First, from the perspective of total fiscal volume, given the current economic situation, a 2.8% increase in expenditure will not allow the budget to play its proper role in the Korean economy, which has entered a long-term recession."

He also pointed out, "Looking into the details, there have been significant cuts in future investment, research and development, climate change response, and non-profit private subsidies," emphasizing, "There are many issues that need to be addressed going forward."

He continued, "Gyeonggi Province has implemented an expansionary fiscal policy of an enormous scale in this supplementary budget, especially considering the decrease in tax revenue," and promised, "We will continue to pursue an active fiscal policy in next year’s budget to invigorate the economy and protect vulnerable groups."

Furthermore, he stressed, "The government also needs to actively use fiscal policy considering this year’s and next year’s economic conditions," adding, "The current situation urgently requires active fiscal measures for future investment, protection of vulnerable groups, and expansion of growth potential."

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