Financial Advisor Blue: “Future Response Fund is controlled by the National Assembly… financial operation is stable.”

Ryu Deok-hyeon, a financial planning adviser at the Blue House, refuted criticism from some that the government will arbitrarily use the 162 trillion won "Future Response Fund" created based on additional tax revenue from the semiconductor boom, saying, "Everything is subject to the control and deliberation of the National Assembly."

Aide Ryu appeared on SBS Radio that day and responded to the host's question, "Is it possible for the government to change the use of the Future Response Fund at will without the resolution or consent of the National Assembly?" and said, "It is a completely impossible story."

Aide Ryu said, "Everything the government spends must be spent within the budget. Funds are also a means of spending the budget," and added, "It has no choice but to go through deliberation and budget resolution by the National Assembly. If the budget is passed at the end of the year, we have no choice but to use it within that scope."

In response to criticism from the opposition party that the national debt must be reduced as tax revenue increases, he countered by saying, "There is a kind of repayment effect by issuing 5 trillion won less national bonds than the original plan," adding, "Next year's budget is the highest spending growth rate and scale ever, and is the first case of very stable fiscal management that also repays the debt."

He went on to emphasize, “We need innovation to break away from the ‘cheap finances’ approach, where if a lot comes in, we spend a lot, and if we don’t, we don’t spend much,” and added, “Our finances are much more stable than those of the seven major countries (G7) around the world.”

Regarding concerns that the grant tax to be used by local governments will decrease due to the Future Response Fund, Advisor Ryu explained, "This is not true. It will increase by about 10% next year," but added, "The government and the National Assembly are discussing and preparing a plan to specially strengthen local finances."

In response to the point that some of the Future Response Fund's resources were used for welfare projects, which changed from the original plan, he said, "Child support and childbirth support are really necessary projects for the future," and "there are many projects that have been organized by expanding the scale of existing projects."