
Issues regarding direction of fiscal management and appropriateness of expenditure expansion in next year's budget worth KRW 820.9 trillion
AI-generated summary
The National Assembly's Special Committee on Budget and Accounts is conducting a comprehensive policy inquiry to review next year's budget, and the main issues are the largest ever budget of 820.9 trillion won and the future response fund of 162 trillion won.
The National Assembly's Special Committee on Budget and Accounts will hold a plenary session on the 5th to continue comprehensive policy inquiries on the second day to review next year's budget.
From the government, Prime Minister Han Seong-sook, Deputy Prime Minister and Minister of Finance and Economy Lee Hyung-il, and others are expected to attend and answer questions related to the budget plan.
On this day, the direction of financial management and the appropriateness of expansion of expenditures in next year's budget of 820.9 trillion won, which is the largest ever budget, are expected to be major issues.
In particular, the battle between the ruling and opposition parties is expected to continue over the future response fund worth 162 trillion won, which will be created based on additional tax revenue.
The People Power Party attacked the Future Response Fund the previous day by pointing out that it had a large cash budget and called it a 'Future Bankruptcy Fund', while the Democratic Party of Korea countered by calling it a 'future preoccupation budget' to prepare future growth engines.
After completing comprehensive policy inquiries on this day, the Budget and Accounts Committee will conduct a review by economic and non-economic ministries from the 9th to the 12th.
AI outlook — possibilities, not facts
The Budget and Accounts Committee plans to conduct a review by economic and non-economic ministries from the 9th to the 12th.
Very likely · Within days

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