National Assembly Budget and Accounts Committee holds comprehensive policy inquiries for two days until tomorrow... Full-scale review of the budget plan

The National Assembly's Special Committee on Budget and Accounts will begin comprehensive policy inquiries to review next year's budget for two days starting on the 4th.

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.

In the inquiry, a conflict is expected between the ruling and opposition parties over next year's total expenditure of 820.9 trillion won, a 12.8% increase from the previous year.

The direction of fiscal management and the appropriateness of expansion of expenditures in the budget, which is the largest in history, are expected to be major issues.

The ruling Democratic Party of Korea believes that the government needs to secure future growth engines and respond to inequality and polarization through active expansion of finances.

On the other hand, the main opposition party, the People Power Party, believes that increased spending based on temporary excess tax revenue is worsening fiscal soundness and is preparing for large-scale cuts through 'awl verification'.

In particular, the Future Response Fund, which is created based on additional tax revenues, is expected to be on the chopping block.

While the Democratic Party claims that the future response fund, which is being raised in excess of 162 trillion won, is an investment for future generations, the People Power Party is taking issue with the fact that about 30% of the fund can be operated without the National Assembly's approval.

Meanwhile, the Budget and Accounts Committee will complete comprehensive policy inquiries by the 5th and then conduct a review of each economic and non-economic ministry from the 9th to the 12th.

The Budget Coordination Subcommittee (Budget Subcommittee), which reviews budget increases and decreases, will begin its activities on the 16th.

The Democratic Party's position is that the budget bill must be processed by the 2nd of next month, the legal deadline.