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Back|Choo Mi-ae, National Power Provincial Councilor and financial crisis battle... Democratic Party leaves collectively
Choo Mi-ae, National Power Provincial Councilor and financial crisis battle... Democratic Party leaves collectively
Developing
연합뉴스·1 hour ago·Politics·3 min read·🇰🇷South Korea·

Choo Mi-ae, National Power Provincial Councilor and financial crisis battle... Democratic Party leaves collectively

Quick Look

  • Gyeonggi Province Governor Choo Mi-ae did not agree with People Power Party Representative Bang Seong-hwan's theory of Lee Jae-myung's responsibility during the plenary session of the Gyeonggi Province Council and avoided mentioning the former governor.
  • Democratic Party members protested and walked out en masse, and Governor Chu announced that he would secure as much available financial resources as possible by issuing local bonds and utilizing funds to prepare the main budget for next year.

AI-generated summary

Why It Matters

The Gyeonggi Provincial Council is about to deliberate on next year's main budget for Gyeonggi Province, and Governor Choo Mi-ae has declared a fiscal crisis. The People Power Party raised the theory of Lee Jae-myeong's responsibility based on the fact that local bond issuance and fund borrowing had been taking place since the predecessors of Lee Jae-myeong and Kim Dong-yeon as provincial governors.

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(Suwon = Yonhap News) Reporter Choi Jong-ho = Ahead of the Gyeonggi Provincial Council's deliberation of the Gyeonggi Province's main budget for next year, Governor Choo Mi-ae appeared in the plenary session of the Provincial Council and had a war of words with a member of the People's Power Party over responsibility for the financial crisis.

At the second plenary session of the 395th regular session of the Provincial Council on the 4th, questions were asked by the executive branch to Governor Chu.

Bang Seong-hwan, representative of the People Power Party of the Provincial Council, who was the first to ask questions, first asked who was responsible for the financial emergency declared by Governor Chu.

In particular, Rep. Bang argued that Lee Jae-myeong was responsible based on the fact that local bonds and various fund borrowings had been made since the previous provincial administrations of Lee Jae-myeong and Kim Dong-yeon.

Governor Chu did not agree with this, saying, “We did not declare a financial emergency to hold someone responsible.”

Governor Chu avoided mentioning former governors despite repeated questions from Rep. Bang about responsibility.

During this process, members of the Democratic Party of Korea protested by shouting at Rep. Bang and then left the plenary room en masse.

The battle surrounding Governor Chu's recently controversial remarks continued.

Rep. Bang criticized Governor Chu, citing 'firefighting financial straws' and 'lump of debt pus' as examples.

Governor Chu refuted this, saying, “I had no intention of denigrating firefighters, but I am trying to define it through inquiries as if I did.”

He added, "If you look at the context, I made this statement to complain about the reality that it is putting a serious burden on the finances and cannot properly expand the people's welfare budget, but there were many misunderstandings, so I apologized with all my heart."

Regarding Gyeonggi-do's financial difficulties, when he said, "There were already lumps of pus everywhere," he explained, "I was metaphorically saying that the view that Gyeonggi-do is not in a fiscal crisis is true."

Governor Chu also clarified plans to issue local bonds and utilize funds in relation to next year's main budget plan.

Governor Chu responded, “We will secure as much available financial resources as possible, including funds,” and “We are also thinking about issuing local bonds as much as possible.”

This regular meeting will last for 45 days from the 3rd to the 17th of next month.

While Gyeonggi Province has not yet submitted its main budget, the provincial executive department plans to submit the budget on the 11th after consulting with the Provincial Council on the budget preparation process.

The legal deadline for processing the budget is the 16th of next month, 15 days before the start of the fiscal year.

What to Watch

AI outlook — possibilities, not facts

  • Gyeonggi Province's executive branch will submit next year's main budget to the provincial council on the 11th.

    Very likely · Within days

  • The provincial council will process the budget within the legal deadline by the 16th of next month.

    Likely · Within weeks

Open Questions

  • ?The specific size and organization schedule of next year's budget plan
  • ?Local bond issuance size and repayment plan
  • ?Specific plan to utilize funds
  • ?Additional measures to resolve the financial crisis

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This article was originally published by 연합뉴스.

Quick Look

  • Gyeonggi Province Governor Choo Mi-ae did not agree with People Power Party Representative Bang Seong-hwan's theory of Lee Jae-myung's responsibility during the plenary session of the Gyeonggi Province Council and avoided mentioning the former governor.
  • Democratic Party members protested and walked out en masse, and Governor Chu announced that he would secure as much available financial resources as possible by issuing local bonds and utilizing funds to prepare the main budget for next year.

AI-generated summary

Story signals

News tone
Neutral
Emotional intensity
High
News value
Moderate
Urgency
Developing
Follow-up likelihood
Likely
Relevance window
Days

Source & Reliability

Source
연합뉴스
Story type
Hard news
Source quality
Full
Published
1 hour ago
View original
Choo Mi-ae
Jaemyung Lee
Gyeonggi-do
Choo Mi-ae
Seonghwan Bang
Jaemyung Lee
Kim Dong-yeon
Gyeonggi Provincial Council
People Power
Democratic Party of Korea
Gyeonggi-do
Suwon
Gyeonggi-do
Jaemyung Lee
Gyeonggi-do
Gyeonggi Provincial Council
financial crisis
municipal bonds
fund

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