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South Korean Government Will Ask Parliament For Additional Budget
The South Korean government will ask parliament this week for $ 6.3 billion as its fourth additional budget for the fight against coronavirus this year.
Yazar: Tom Roberts
Yayınlanma: 6 Eylül 2020 23:04
Güncellenme: 23 Kasım 2024 16:19
South Korean Government Will Ask Parliament For Additional Budget
The South Korean government will ask parliament this week for 7.5 trillion won ($ 6.3 billion) as its fourth additional budget for the fight against coronavirus this year. The party spokesperson made a statement following the meeting on Sunday, when the ruling Democratic Party leader Lee Nak-yon, Prime Minister Chung Sye-kyun and Finance Minister Hong Nam-ki met. According to the statement, the new funds will be used to help the more vulnerable parts of the society, including low-income workers and some self-employed people.Cash was distributed to all consumers in Korea in May. The amount, which will be the lowest of this year's additional budgets, will be financed by Treasury bond sales.
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