Prime Minister Kim: "85% of 10 Trillion Won Budget to Be Executed in First Half...A Spark of Hope for Ordinary Citizens and Businesses"

Requesting the National Assembly's Cooperation on Passing Key Bills

Prime Minister Kim Minseok announced on the 22nd that, in relation to the supplementary budget, "The government will swiftly execute more than 85% of the major project budget, totaling 10.5 trillion won, within the first half of the year to alleviate the burden of high oil prices, stabilize people's livelihoods, and minimize industrial damage, thereby providing a spark of hope for ordinary citizens and businesses."

Prime Minister Kim Minseok is speaking at the High-level Party-Government Council held on the 22nd at the Prime Minister's official residence in Samcheong-dong, Seoul. Photo by Yonhap News

At the Senior Government-Party Council held at the Prime Minister’s Seoul Residence in Samcheong-dong, Jongno-gu, Seoul, on the afternoon of the same day, Prime Minister Kim emphasized, "This is precisely the moment when the government and ruling party must take joint responsibility and demonstrate to the public our commitment to protecting people's livelihoods."

He noted, "There are still quite a few key bills that need to be passed within the first half of the year but have yet to clear the National Assembly," and requested the National Assembly’s active cooperation in passing bills such as the Materials, Parts and Equipment Act, the Strategic Export Finance Support Act, the National Protocol Institute Act, the Telecommunications Business Act, and the Support Act for Victims of Jeonse Fraud.

When Representative Jeong mentioned the difficulties faced by residents of Yokjido Island in Tongyeong, South Gyeongsang Province—a place he recently visited—Prime Minister Kim expressed his agreement, stating that "delicate efforts are needed to improve people's livelihoods."

Prime Minister Kim stated, "Ultimately, the government and the ruling party must work in perfect coordination, and the purpose of such coordination is to effectively improve people's livelihoods. Let us be the ones who reach out first and take action in times of crisis when the public feels anxious."

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