“Last year, it is inevitable to issue 100 trillion of deficit treasury bonds again this year…
[연합뉴스TV 캡쳐]
(Sejong = Yonhap News) Reporter Chae Yeon Soo-yeon = Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance said on the 2nd, “I think payment will be possible from the end of March. Those who have previously received benefits will be able to receive it quickly in March,” Newly added targets have items to check such as income, and payments will be made until April or early May.”
Deputy Prime Minister Hong appeared on Yonhap News TV this afternoon and said, “If the National Assembly confirms an additional budget (additional budget) in mid-March, the government will prepare for execution from now on and pay it as soon as it is confirmed,” he said. .
Out of the 15 trillion won worth of additional budget, 9 trillion won of financing was raised through the issuance of deficit government bonds, he said, “There is a side of concern from my position in charge of the fiscal increase of the Narat debt.”
“Last year, during the Corona 19 crisis, we were forced to issue 100 trillion won of deficit Treasury bonds, and this year it is inevitable to issue a deficit treasury bond of about 100 trillion won.”
This year, the amount of deficit government bonds issued under this budget is 93 trillion won, and an additional 9 trillion 9 trillion won will be issued for this supplement.
He said, “The government fully agrees that the fiscal must play an active role for the people affected by the Corona 19 crisis, and at the same time, we will continue to respond with interest in fiscal sustainability.”
Regarding measures to secure fiscal soundness, Deputy Prime Minister Hong said, “I believe that fiscal rules need to be established to some extent,” and mentioned the need to deal with the amendment to the National Finance Act submitted to the National Assembly.
In addition, “We are focusing on strengthening the revenue base, such as strengthening the taxation of evacuated income and improving the tax exemption/reduction system, and making efforts to use the same financial resources productively and efficiently by efficiently restructuring the national budget of 550 trillion won. It’s important,” he added.
Regarding the politics of continuing to raise the need for national disaster subsidies, he said, “We confirmed the first supplementary supplement this year today, but the key and important issue is to promptly implement the supplementary supplementary measures and damage support measures announced by the government.” How to do it, you have to look at the quarantine, economic flow, financial situation, etc. and judge it at that time.”
However, he emphasized, “Speaking of the position of the fiscal authorities on the direction of universal support and selective support, selective support is much more desirable and effective than universal support in order to provide efficient support with limited resources.”
Ahn Il-hwan, the 2nd Vice Minister of the Ministry of Technology, also appeared on KBS on the same day and explained the 4th disaster support fund.
Vice Minister Ahn pointed out that he was dissatisfied with supporting street vendors who often do not register as a business and do not pay taxes. “The street vendors are a face-to-face business, so it is very practically difficult, but there are areas where it is difficult to make a living as it is a blind spot for government support. Please understand that this is supported by the government.”
He added, “There are about 40,000 street vendors managed by local governments, and we support it on the premise of registering a business.”
Regarding concerns about fiscal soundness, he said, “I think that it is inevitable for the fiscal to play an active role in a crisis, and when the crisis is over, we should restructure spending as much as possible and make fiscal sounding efforts.
Regarding the increase in the issuance of deficit treasury bonds, he said, “The domestic treasury rate is also rising due to the recent rise in international interest rates. Even if we make an additional supplement, we can fully digest treasury bonds.” So we can digest government bonds without a big rise in interest rates,” he said.
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2021/03/02 18:45 sent