Ahn Dogeol Named 'Outstanding Lawmaker' in This Year's Democratic Party National Assembly Audit

Government Presents 'Three Essentials' Policy and 'Four Principles' for Livelihood Economy
"Will Further Commit to Legislative Activities That Empower the People"

Ando Geol, Member of the National Assembly.

Representative Ahn Dogeol of the Democratic Party of Korea, a member of the National Assembly's Planning and Finance Committee (Gwangju Dongnam-gap), has been selected as an "Outstanding Member" for the Democratic Party's 2024 National Assembly Audit. This recognition is a result of his acknowledged expertise as an "economic expert" and "fiscal specialist," stemming from his background as a former Vice Minister of the Ministry of Economy and Finance.

Each year, the Democratic Party selects outstanding members of the National Assembly who demonstrate active legislative work and present excellent policies and alternatives during the National Assembly audit.

During this year's audit by the Planning and Finance Committee, Representative Ahn pointed out that the current economic crisis stems from the Yoon Sukyeol administration's laissez-faire economic policy, characterized by a lack of vision, reform, and responsibility. In response, he proposed a "three essentials" economic policy?innovation vision, reform performance, and responsible policy management?which received positive evaluations.

He also highlighted the issues of large-scale tax revenue shortfalls for two consecutive years and presented four principles that the government must consider when devising countermeasures to minimize the impact on the people's economy. These four principles are: ▲prohibition of illegal or unjust forced funding from funds and special accounts ▲prohibition of general reduction in local allocation tax ▲exclusion of livelihood budgets from reduction targets ▲implementation of cost-saving measures through shared sacrifice among central ministries.

Representative Ahn further criticized the administration's tax cuts for the wealthy and fiscal austerity policies, arguing that they have deepened the vicious cycle of low growth and polarization. He pointed out that, as a result of two years of tax cuts for the wealthy under the Yoon Sukyeol administration, the domestic economy has stagnated, tax revenues have suffered large deficits, and public finances are on the brink of collapse. He warned that persisting with these already failed tax policies for the wealthy could render the nation's finances irrecoverable, and he strongly urged the government to shift its tax and economic policy direction.

Additionally, he proposed practical alternatives for revitalizing the people's economy and local economies, including ▲the promotion of local currency to boost the people's economy ▲the creation of a self-sustaining economic ecosystem at the ultra-regional level and the "Southwest Mega City" for revitalizing the Honam region's economy ▲and the expansion of tax administration support for small business owners.

Representative Ahn stated, "During this year's audit, I worked to point out the government's economic policies that have made life difficult for the people and to present practical alternatives. I will continue to focus on legislative activities that help restore Korea's economy and empower the people."

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