When I observed what the Yoon administration’s first spending budget bill was slash “I will tighten my belt” …

◀ anchor ▶

The authorities has confirmed that the price range for following calendar year will be gained 639 trillion, up 5% from this calendar year.

This is the 1st spending budget drafted by Yun Seok-yeol’s govt.

He declared that he would modify from ‘extended funding’ to ‘solid funding’ while lowering all the paying that was increased to get well from the corona destruction.

Let us break it down in depth.

Very first of all, reporter Lee Duk-youthful will present you how the finances for subsequent year is in typical.

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The measurement of the spending budget for upcoming yr is 639 trillion won.

This is an raise of 5.2% from this year’s major spending budget.

The govt emphasized that it has ensured fiscal soundness by saving 24 trillion gained in expenditure.

[추경호/경제부총리]
“If we will not tighten our belts from now on, we will have to deal with the growing economic uncertainty with out a protect.”

Nevertheless, he did not specifically disclose the place and how substantially the 24 trillion won was saved.

The cash saved in this way will be utilised for presidential election claims and condition affairs.

1 trillion won will be spent on raising soldiers wages, 1.3 trillion won on new moms and dads wages which gives 700,000 won a thirty day period to mothers and fathers of pre-child infants, and 2.4 trillion won on the enhance standard pension.

By sector, budgets for protection and welfare, the atmosphere, and study and progress greater in comparison to this calendar year, though budgets for industry, compact and medium corporations and energy, social overhead cash, and culture, sport and tourism lessened.

In individual, the spending budget for the significant insurance policies of the Moon Jae-in government has been minimize.

The spending plan for making a sensible manufacturing facility was slice by 200 billion received and the provide of hydrogen cars and trucks received by 260 billion.

The spending budget to help local adore reward certificates, allotted 600 billion gained this yr, was lower entirely to assistance small business house owners battling with the corona virus and enhance use.

[김완섭/기획재정부 예산실장]
“The put where the local appreciate reward certification is employed and the impact spreads is a business that is minimal to a sure area.”

The government intends to current a spending budget to the Nationwide Assembly on the 2nd of upcoming thirty day period.

This is Lee Deok-younger from MBC News.

Video clip commentary: Wooyoung Jung / Video editing: Daye Ryu

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