Public interest in the 5th Disaster Relief Fund is high.
At the ‘9th Financial Management Inspection Meeting’ held on the 20th through the video of the Government Complex in Seoul, the Government Complex in Sejong, and each local government, 2nd Vice Minister of Strategy and Finance Ando-Gul Ando said, “In the third quarter, We will focus on budget execution for economic revitalization projects.”
In addition, Vice Minister Ahn said, “We will actively manage finances and thoroughly manage the execution in the second half of the year to help people with difficulties in livelihood due to the fourth spread of COVID-19 and to maintain the economic recovery trend.”
As of the 17th, 89.4%, or 8.5 trillion won, of the first supplementary budget (additional budget) confirmed in March was executed, and 95.4% was paid for five cash support projects worth 5.5 trillion won, including small business support fund plus and emergency employment stabilization subsidy. has been completed.
76.8% (3 trillion won) of the 4 trillion won in other projects such as job support was implemented, and full execution is planned by the end of the year.
In the case of the 2nd supplementary budget confirmed in July, 13.6% of the 20.9 trillion won in the project to be managed, or 2.9 trillion won, was executed, and more than 80% of it will be executed by the end of next month.
Next, among the three types of damage support packages (14.9 trillion won), the win-win national subsidy (8.6 trillion won) and the win-win consumption subsidy (700 billion won) by the end of this month will be paid as much as possible, including the payment target and use of the subsidy, and linking with the computer network. The time of payment will be decided later after consultation with the quarantine authorities.
The Hope Recovery Fund (4.2 trillion won) started on the 17th and paid 2.8 trillion won to 1.168,000 small business owners for three days, and more than 90% of it is planned to be paid before Chuseok.
For the reinforcement of quarantine (3.4 trillion won) and employment and livelihood stabilization (2.3 trillion won), the execution plan for each project and the status of the start of execution will be checked, and all projects will be implemented in a timely manner.
In addition, the budget for the second half of the year is a blueprint that more than 247.1 trillion won will be executed, achieving a total expenditure execution rate of 98% or more by the end of the year, the highest level ever.
Vice Minister Ahn said, “In order to minimize disuse and disuse, we will focus our administrative capabilities on preemptive inspection and resolution of obstacles for each project through active on-site communication, and operating a close budget execution cooperation system between government departments and local governments.”