(Seoul = Yonhap News) Reporter Ha Sa-heon = Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance speak at the General Meeting of the Planning and Finance Committee held at the National Assembly in Yeouido, Seoul on the morning of the 16th. 2021.2.16 [email protected]
(Sejong = Yonhap News) Reporter Kwak Min-seo = Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance said on the 16th that “the pace of debt growth in Korea is very fast,” and “I am concerned about the fiscal deficit.”
Deputy Prime Minister Hong responded to the related inquiries of Democratic Party member Kim Gyeong-hyup in the report on the National Assembly’s Planning and Finance Committee.
Deputy Prime Minister Hong said, “In the past, the consolidated fiscal balance and the managed fiscal balance were positive (+) or negative (-) 1%, but the managed fiscal balance was already -5% for almost a few years.” Has never been,” he pointed out.
He also emphasized, “Looking at the share of national debt alone, there were talks about 40% of GDP (national debt ratio) last year and last year, but right now, the national debt ratio will exceed 50% next year, and at the end of the mid-term fiscal plan, it will approach 60%.” .
In addition, he added, “Last year 112 countries have lowered their national credit rating (outlook) in the process of fiscal response,” he added. “There is such a cost (cost).”
He said, “I have to convey and emphasize this voice, and I think that if I close my mouth on such a story, I think there is no structure to discuss it in our decision-making structure,” he said.
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2021/02/16 18:14 sent