Hong Nam-ki “Measures to respond to the increase in Narat debt? Reinforcement of the tax base by reorganizing tax-free”

After the announcement of the 19.5兆 damage support measures, concerns over narat debt
“All measures such as national budget restructuring will be prepared”

Hong Nam-ki, Deputy Prime Minister of Economy and Minister of Strategy and Finance, is giving a briefing on an additional budget for 2021 at the Seoul Government Complex in Jongno-gu, Seoul on the 2nd. / Reporter Moon Ho-nam munonam@

[세종=아시아경제 김현정 기자] Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, mentioned’reinforcement of tax base’, such as reorganization of tax-free sector, as a countermeasure to the increase in narat debt in the process of preparing an additional budget (additional budget) worth 15 trillion won to support Corona 19 damage.

On the afternoon of the 2nd, Deputy Prime Minister Hong appeared on Yonhap News TV Newswatch on the afternoon of the 2nd, and asked the moderator’s question about the plan for the increase in debt during the supplementary process. “We will focus on strengthening the revenue base,” he said.

He said, “The government believes that fiscal rules will need to be set up and has already submitted amendments to the relevant laws to the National Assembly,” he said. “In addition, it is important to restructure the state budget of 550 trillion won in a productive and efficient manner.” He then emphasized that “from my position in charge of finance, the increase in debt is a worrisome part.”

The government held a negative position on the need for disaster support funding for the whole country, which is being raised around the political world. Deputy Prime Minister Hong said, “Currently, the most important and important matter is the prompt execution of the supplementary measures and damage support measures that the government has already announced, and the next size and content will be how the quarantine will be implemented, the economic flow and financial situation, etc. He said, “However, I think screening support is more desirable and effective than the general in order to be executed with limited resources,” he said.

In addition, regarding the execution timing of the 19.500 billion won in damage support measures announced on this day, he said, “A supplementary plan will be submitted to the National Assembly the day after tomorrow and will begin budget deliberation next week.” If confirmed by the National Assembly, payments can be made from the end of March,” he said. He added, “Payments to those who have previously received benefits will be paid more quickly within March, and those who are newly added will be paid by mid-April and early May as there are various checks such as income verification.”

Reporter Kim Hyun-jung [email protected]