Briefing of the results of the emergency economy major conference▶ Click here to enlarge
The government is considering a plan to provide the third disaster support fund to the underprivileged, such as temporary and daily workers.
The expansion of tax support for’good landlords’ is not immediate, but it is seeking countermeasures from a mid- to long-term perspective.
Kim Yong-beom, the 1st Vice Minister of the Ministry of Strategy and Finance, held a regular briefing at the Emergency Economy Central Countermeasure Headquarters and New Deal Ministers’ Meeting at the Seoul Government Complex on the 23rd and said:
In the process of questioning and answering, Vice Minister Kim said, “The biggest focus of customized damage measures (which the government is preparing) is to provide practical support and prompt execution.” “We are looking into ways to benefit.”
The 3 trillion won of customized damage subsidies reflected in the next year’s budget is basically a fund for small business owners. Vice Minister Kim’s remarks are interpreted to be promoting support for the underprivileged, such as temporary and daily workers, in addition to small business owners.
Vice Minister Kim added, “We are preparing to confirm (customized damage support measures) within the year and implement them in January.”
He said, “We are not considering (currently) policies that take a long time, such as expanding tax credits (for good landlords) or preparing additional budget plans.”
Customized Disaster Subsidies (PG)▶ Click here to enlarge
However, he said, “We are carefully reviewing the extent to which the government’s rent support measures are effective in the field.” We can review the need for supplementation in the future.”
The government is implementing a’good lessor’ system in which 50% of the reduced rent is deducted from the rent to the lessor who reduced the rent. In the political world, it is argued that the tax credit rate should be increased to 70-100% in order to increase the number of’good landlords’.
Deputy Minister Kim diagnosed with the current economic situation, “Although the official indicator has not been announced, it is highly likely that the trend of economic improvement that has emerged since the third quarter will be substantially limited by this third re-proliferation.”
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