
The National Assembly Budget and Accounts Committee clashes over the future response fund, local financial support, and special prosecution law for manipulation prosecution in the review of budget bills for non-economic ministries.
On the 12th, the ruling and opposition parties fought at the National Assembly Budget and Accounts Special Committee over the creation of a future response fund using additional tax revenue, local financial support, and the ruling party-led special prosecution law for manipulation.
AI-generated summary
The National Assembly's Budget and Settlement Special Committee reviews non-economic ministries' budget plans by department.
The ruling and opposition parties fight over the use of additional tax revenue by the Committee on Budget and Accounts, special prosecution for fabrication, etc.
(Seoul = Yonhap News) Reporter Choi Joo-seong = On the 12th, the ruling and opposition parties fought over the use of additional tax revenue and local support issues during the departmental review of the budget plan for non-economic ministries by the National Assembly's Budget and Accounts Special Committee.
Rep. Park Soo-young of the People Power Party pointed out that the government is creating a future response fund based on additional tax revenue, saying, "The Lee Jae-myung administration seems to have experts who are benchmarking Venezuela," and "(Venezuela) created and used a national development fund in 2005, and we are creating a future response fund."
Rep. Park said, "For the first time in history, close to 200 trillion won is coming in, but we have to go into debt for over 100 trillion won. What's even more absurd is that 104 trillion won of that money is set aside in a future large fund and they say they will use the surplus funds," he said. "If I were the Minister of Planning and Budget, I would cut in half of this money and pay off the debt."
On the other hand, Rep. Hwang Myeong-seon of the Democratic Party of Korea emphasized the need for financial support for local governments, saying, "The Yoon Seok-yeol administration did not manage the country well, so they passed on the tax revenue deficit to local governments, which are struggling with debt and are making up for it with citizens' taxes."
In response, Minister of Public Administration and Security Yun Ho-jung also responded, "Even after contributing the Future Response Fund, the burden on local governments is unlikely to be significantly reduced in next year's budget. I think there is a need to further strengthen the financial support plan for local governments."
Opposition party lawmakers also launched an offensive against the Special Prosecution Act on Manipulated Prosecution, which was passed by the National Assembly under the leadership of the ruling party.
Rep. Park Sang-woong of the People Power Party criticized, “Even Samcheok-dong knows what conclusion the special prosecutor reaches,” and added, “Since the indictment against the president was fabricated, shouldn’t the indictment be canceled?”
He also claimed that the cost of setting up a special prosecutor amounts to about 38 billion won and said, "Who would agree if excessive public money was spent to clear the guilt of one president?"
Independent lawmaker Han Dong-hoon said, “This is a problem that could later be punished as a huge crime of distortion of the law,” and argued, “If manipulation that did not exist is found and prosecuted, it could amount to a newly created crime of distortion of the law.”
He also refuted the Democratic Party's call for the impeachment of Supreme Court Chief Justice Cho Hee-dae, assuming the expiration of former Prime Minister Han Deok-soo's detention period, by emphasizing that release following the expiration of the detention period is a legal procedure that has nothing to do with guilt or innocence.
In relation to this, when asked by a member of the Supreme Court Justice Noh Kyung-pil whether the release following the expiration of the detention period was related to guilt or innocence, he replied, "There is no direct connection," and "I think it is inappropriate to talk about impeachment for such reasons."
AI outlook — possibilities, not facts
The Budget and Budget Committee continues to review the budget plan by department.
Very likely · Within days

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