Input 2021.03.02 16:08 | Revision 2021.03.02 16:49
Submitted to the National Assembly on the 4th after resolution of the State Council
Nak-Yeon Lee “There will be quite a surprising change”
Hong Ik-pyo “Discussion of additional support for agriculture”
野 “Election ticketing act” microscopic verification notice
In addition, it suggested the possibility of an increase in the additional remedial budget (additional budget) that the Democratic Party organized to support the 4th disaster subsidy. The 4th disaster support fund agreed between the Democratic Party and the government was 19.500 trillion won in total, which was agreed to raise 15 trillion won through an additional supplement, but it indicated that it could be increased during the parliamentary deliberation process.
At the core of the ruling party, “Including the supplementary budget, the ratio of national debt to GDP (Gross Domestic Product) is expected to increase to 52-53%,” and expressed a willingness to increase the supplementary budget. Accordingly, the opposition parties strongly protested and insisted on budget cuts and adjustments, saying that it is “the act of ticketing for elections” to pay the disaster support funds prior to the 4·7 re-election.
Chairman Hong said, “Usually, there were a lot of cases where the amount of supplementary bills increased,” he said. “The 3rd disaster subsidies also increased by more than 700~800 billion won from the original government’s (organization).”
Earlier on the 27th, Democratic Party leader Lee Nak-yeon mentioned the possibility of an additional increase, saying, “The 4th disaster subsidy may exceed 20 trillion won.” He said, “There will be quite a remarkable change with respect to the 4th emergency disaster subsidy, such as the target and scale of support,” he said.
The ‘4th disaster support fund of 20 trillion won’ is a pledge that CEO Lee has been pushing for. Representative Lee has argued that it is necessary to increase the size of the supplementary administration in order to minimize blind spots and provide’thick and wide’ support. For this reason, it is known that they are dissatisfied with the decision of 19.500 trillion won, which did not reach 20 trillion won in the size of the supplementary budget.
The reason he mentioned the possibility of an increase in the amount of the supplementary bill even before it arrived at the National Assembly is ahead of the resignation of the party’s representative office on the 9th. It is interpreted that in order to carry out his pledge, he had luck in the theory of increase early.
This is the reason why Lee said, “It is difficult to exceed 12 trillion won” for fiscal soundness, and criticized Hong Nam-ki, Deputy Prime Minister of the Economy and Minister of Strategy and Finance, who rebelled against the expansion of the budget. This is because from the standpoint of CEO Lee, who won the title of’Additional Director Nak Yeon-pyo Lee’, he must complete this until the end and seek a reversal of the plunging approval rating.
However, the self-employed people’s backlash is rising as the party government announced its policy to support street vendors in order to eliminate blind spots. The party administration included the provision of a temporary livelihood subsidy of 500,000 won each to 40,000 street vendors. Accordingly, self-employed people argue that it is not fair to pay subsidies without conditions to street vendors that do not pay taxes and rent, and sales are not recognized.
Political officials said, “As many controversies have already been raised over disaster subsidies, the Democratic Party is highly likely to modify detailed subsidy calculation methods and payment methods.” “There is a possibility that more will be added.”
Chairman Hong Ik-pyo appeared on the radio broadcast on the 16th and said, “If the supplement is included, it is expected that the ratio of the country’s debt to GDP will increase to 52-53%.” Such remarks remarked that they would not mind the judgment of the fiscal authorities, such as Deputy Prime Minister Hong Nam-ki, who said, “If you look at the absolute level, it is still lower than the average of the Organization for Economic Cooperation and Development (OECD), but it is not a situation where you can be relieved by looking at the speed of debt growth.” to be.
The supplementary bill, which was resolved at the Cabinet meeting on this day, is scheduled to be presented to the National Assembly on the 4th. This supplementary bill will be increased or decreased for each department in charge during the review stage of the Standing Committee of the National Assembly. Subsequently, the amendment will be reviewed by the Special Committee on Budget and Settlement and decided at the plenary session. The Democratic Party plans to provide disaster assistance from the end of March after handling the supplementary bill at the plenary session on the 18th.