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“I think yesterday’s remarks were moderate and well expressed.”
Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, is pouring out tough remarks for two days in a row on the countermeasures to support the ‘4th disaster support fund’ of the passport.
Deputy Prime Minister Hong said at a meeting with reporters after the National Assembly plenary session ended on the 3rd, “(Yesterday’s Facebook post) is a very restrained expression of the fiscal authority’s position because it will be delivered to the public as confirmed.”
The day before, Democratic Party leader Lee Nak-yeon commented, “We will organize an additional budget (additional budget) of a sufficient size to discuss customized support and support for the whole people together.” Explaining that it is not’confirmed’, “(Selection + universal support) “It’s hard to accept,” he said again, revealing his strong will.
Deputy Prime Minister Hong’s remarks are based on’financial soundness’, which has recently deteriorated rapidly. State debt, which was 723 trillion won at the end of 2019, surged to 84.89 trillion won at the end of last year. During the same period, the ratio of national debt to gross domestic product (GDP) increased significantly from 37.7% to 43.9%.
Experts are concerned that financial soundness will worsen and adverse effects such as a drop in national credit rating will worsen as the party government promotes the legislation of the loss compensation system and the payment of the 4th disaster support fund to support the damage of the novel coronavirus infection (Corona 19).
The self-employed and small business owners, whose livelihoods have been desperate in the aftermath of Corona 19, are now sitting on the streets, and voices are loud asking whether they should prioritize the state finances with sufficient capacity, but as the deputy prime minister of the economy who has been in charge of finance for over 30 years, the problem of a steep increase in national debt You cannot help but keep in mind.
It is an evaluation that Vice Prime Minister Hong feels a’decision’ different from the past inside and outside the Gwanga. Last year, the ruling party’s countermeasures, such as the 1st supplementary administration, the 1st disaster subsidy payment to all the people, the 2nd disaster subsidy and the 4th supplement, were often called’Hong Du Sami’ and’Hong Baek Ki’. This time, it is a question of whether or not it is possible to bet.
The idiom that he wrote on Facebook the day before, ‘Jijiji Ji-ji (知止止止: stop at the place to stop)’ is also drawing attention. He said, “I have always walked day by day with the heart of support (知止止止), and I will walk again.”
The key to the conflict between the party and the government that has risen again is expected to be whether screening and universal support are simultaneously possible. Deputy Prime Minister Hong said that additional discussions focusing on selective support related to the 4th disaster subsidy payment could only be held in March, but it was because he clarified his opposition to universal support for the whole people.
Considering this atmosphere, some evaluations come out that it is possible to carry out opposition to the support fund for the whole people by setting up a position. However, there are also observations that when looking at several past cases in which every issue related to fiscal expenditures rebelled against the demands of the passport and eventually heard a’white flag’, it would be forced to bend again.