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Deputy Minister of Strategy and Finance Ando-Geul “Preparation for the national subsidy will be completed by the end of this month”

[서울=뉴스핌] Reporter Lee Seong-hwa = The government announced that it would finish preparing for the COVID-19 win-win national support payment by the end of this month and decide the timing of the payment in consultation with the quarantine authorities.

On the 20th, 2nd Vice Minister of Strategy and Finance Ando-Geol Ahn held a financial management review meeting at the government complex in Seoul and said, “The payment target and use of the subsidy for the win-win national subsidy (8.6 trillion won) and consumption subsidy (700 billion won) that require consideration of the quarantine situation are confirmed and the computer network “We will complete the preparations for execution such as linkages as much as possible by the end of August, and the timing of payment will be decided later after consultation with the quarantine authorities,” he said.

[서울=뉴스핌] Deputy Minister of Strategy and Finance An Do-geol speaks at the ‘9th Financial Management Inspection Meeting’ held at the Government Complex in Gwanghwamun, Seoul on the 20th.[사진=기획재정부] 2021.08.20 photo@newspim.com

“The Hope Recovery Fund for small businesses started on the 17th, and we plan to pay more than 90% of it before Chuseok,” said Ahn. An additional national subsidy of 100,000 won per person for the low-income class will be provided in a lump sum on the 24th.

In addition, “For other secondary supplementary budget projects such as reinforcement of quarantine (3.4 trillion won) and employment and livelihood stabilization (2.3 trillion won), check the execution plan and execution timing of each project and encourage all projects to be executed in a timely manner. I will,” he added.

As of the 17th, the government executed 2.9 trillion won (13.6%) of the 20.9 trillion won target for the second supplementary budget management, and plans to implement more than 80% by the end of September.

In the first supplementary budget, 8.5 trillion won, or 89.4%, of the 9.5 trillion won to be managed was executed. 95.4% of the 5.5 trillion won in cash support projects, including small business support fund plus and emergency employment stabilization subsidy, was completed.

“This third quarter is an important watershed in both aspects of quarantine and the economy,” Ahn said.

shl22@newspim.com