Cooperation on the outside…but it means I won’t do it for a lot of money
Dissatisfaction has risen due to frequent politics… nickname Hong Dusami
As a’budget man’, he expressed his convictions and soothe the organization
Prime Minister Chung refrains from further expansion due to concerns over cabinet division
Prime Minister Jeong Sye-gyun and Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance are attending a State Council meeting held at the Seoul Sejongno Government Complex on the 19th. News 1
Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance will discuss the’legalization of self-employment loss compensation system’ ordered by Prime Minister Jeong Sye-gyun. andI also oppose financial spendingClarified the meaning. When Prime Minister Chung criticized “Is this country the country of the Ministry of Ministry of Finance” over the passive field of fiscal expenditure, he indirectly rebelled with his usual belief that’we should look into the financial situation’.
Regarding Deputy Prime Minister Hong’s remarks on the day, there is an interpretation that the conflict between party governments, which continued from last year in the process of responding to Corona 19, spread to the first and second rank in the cabinet. However, as Deputy Prime Minister Hong announced his intention to comply with Prime Minister Chung’s instructions, there is no further expansion between the Prime Minister’s Office and the Ministry of Information.
“Financial is not a matter of fire and water” …
On the 22nd, Deputy Prime Minister Hong wrote on Facebook that “it was a’unvisited road’, so the Ministry of Information and Communication needed a sufficient review.” He added, “We will consider and review in-depth,” he added. “We will actively discuss and gather wisdom between ministries and party governments on what is the most rational institutionalization plan for self-employed persons, small business owners, etc., who are struggling with business restrictions.”
On the surface, it seemed to follow Prime Minister Chung’s instructions to legislate the loss compensation system, but there was something else Hong wanted to say. He said in the same article “It should always be remembered that the fiscal situation and financial conditions are also one of the important policy variables to be considered as fiscal is not a matter of fire and water.”While “The role of keepers of the country, such as ensuring that national finances are used most reasonably and efficiently, is not the rights and authority of the Ministry of Records, but the strict duties and vocations requested by the people.“I emphasized.
He devoted a significant portion of the article to explaining the already well-known debt ratio, asking for’speed adjustment’. Deputy Prime Minister Hong said, “The ratio of national debt to gross domestic product (GDP) was 39.8% at the time of budgeting in 2020, and ‘40% controversy’ was often raised. It is expected to exceed the percentage,” he stressed, “It is expected to be around 59% in 2024.” In particular, he wrote, “We can never neglect the views of foreign investors and government rating agencies that are watching the pace of increase in national debt.”
Prime Minister Jeong Sye-gyun-Deputy Prime Minister Hong Nam-ki’Malmalmal’
This article by Deputy Prime Minister Hong is also interpreted as putting a circumvention on the legalization of loss compensation. Deputy Prime Minister Hong said, “We will review in the direction of providing assistance as much as possible,” reversed “This is because it can be interpreted as meaning “If it is impossible, I will not be able to help.”
In particular, Deputy Prime Minister Hong made it clear that finances cannot be excessively used, but the loss compensation system requires enormous financial resources due to its nature. If the loss compensation system is implemented according to the proposal of the Democratic Party lawmaker Min Byeong-deok, it is estimated that the required budget will reach 98 trillion won for 4 months, 24 trillion won per month. Another problem is that once legalization is made, standards cannot be easily changed, which has a huge impact on long-term fiscal operations.
‘Hongdusami’ was different this time… pay attention to how to narrow the position
Deputy Prime Minister Hong’s unprecedented dissatisfaction with Prime Minister Chung, who is not the ruling party, may be an expression of accumulated dissatisfaction. Deputy Prime Minister Hong has been attracted to the politics every time in the course of responding to Corona 19 last year, so that the nickname’Hong Du Sami (Hong Nam Ki + Yong Du Sami)’ occurs.
Disaster subsidies, which Deputy Prime Minister Hong claimed to have in the bottom 70% of their income, were paid to all citizens through mediation by Prime Minister Chung, and the change of the stock capital gains tax standard for shareholders promoted by the Ministry of Information and Transportation became a “nothing” amid controversy over Hong’s resignation.
Deputy Prime Minister Hong seems to have also expressed his opinion as a former member of the budget office. After joining the office in 1986, Deputy Prime Minister Hong is a representative’budget man’ who served as the chief of the budget, the secretary, and the head of the budget standard during the time of the Ministry of Planning and Budget. This is why the budget usage and fiscal soundness are prioritized in determining government projects and policies.
There was also a need to speak up as the head of the organization when Prime Minister Jeong criticized the field by taking a “cock” while leading players such as Gyeonggi Governor Lee Jae-myeong were screaming in the field.
However, Prime Minister Chung did not immediately reprimand even for the remarks of Deputy Prime Minister Hong on that day. He said that he decided to close his eyes first because he thought that Deputy Prime Minister Hong had said what he could say as head of the Ministry of Equipment. It also seems that there is concern that if an additional war is continued, it may appear as a disturbance within the cabinet.
The problem is the process of legislating the remaining loss compensation. There is a high possibility that the gap between self-employed and small business owners’ desired level of compensation for losses and budget expenditures tolerated by the fiscal authorities will be large. An official from the Ministry of Science and Technology said, “The policy to promote the loss compensation system remains the same.”
Sejong= Youngha Son reporter [email protected]
Shin Eun-byul reporter [email protected]
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