Budget tug-of-war until the 10th
All leaders in Noh said, “Local currency is the livelihood of the people.”
“No additional negotiations without apology”
It is indeed expected that the ruling and opposition parties will continue their fierce tug-of-war for a week as the presentation of the budget reduction revision bill passed by the Democratic Party of Korea alone at the National Assembly’s Budget and Settlement Special Committee has been postponed to the 10th. Starting on the 2nd, the Democratic Party began insisting on the need to increase the budget for ‘Lee Jae-myung’s local love gift certificates (local currency).’ The possibility of negotiating an increase in budget was left open just three days after the budget reduction amendment was processed. In response to this, the People Power Party stated, “There will be no further negotiations without an apology from the Democratic Party.” The People’s Power Party’s position is that “we were hit in the back in the budget negotiations” and that there will be no further negotiations in the future without the Democratic Party’s withdrawal of the reduced budget plan and an apology.
● Noh emphasizes that “the real budget for people’s livelihood is local currency”
Democratic Party leaders unanimously emphasized the importance of local currency on this day. Local currency is a representative policy that CEO Lee Jae-myung has been focusing on. The government set the local currency budget at ‘0 won’, but the Democratic Party, led by the opposition party, decided to increase it by 2 trillion won at the National Assembly public Administration and security Committee, the relevant standing committee. On this day, the Democratic Party put up a banner for the chairman of the supreme Committee, saying, ‘We will use the 2 trillion won budget for local love gift certificates as a catalyst for taking care of the people’s livelihood.’ At this meeting, Supreme Council Member Kim Byeong-ju argued, “I reiterate that the only solution to revitalizing alley commercial districts, wholesale and retail businesses, small and medium-sized businesses, and domestic demand is, of course, local currency.” Supreme Council member jeon Hyun-hee also added, “If the President’s Office and the People Power party are sincere in their intention to save the people’s livelihood budget, agree to an increase in local love gift certificates.” Representative Lee also said the day before,“We will try to increase the local currency budget,which is one of the budget increases we are most focused on,as much as possible.”
Regarding this, people inside and outside the party pointed out, “If you threaten to pass an amendment to reduce the budget, and then promptly talk about increasing Lee Jae-myung’s budget, won’t it be misunderstood that you pushed through an unreasonable reduction for the sake of local currency?” In response to this, a key party official said, “we judged that it was urgent to reduce the special activity expenses of powerful organizations, so we gave up on increasing the much-needed budget,” and drew a line, saying, “The processing of the reduction plan has nothing to do with increasing local currency.”
In future negotiations with the ruling party, the Democratic Party is expected to demand an increase in the budget related to local currency, free high school education
● “No additional negotiations without withdrawal of budget reduction plan”
the People Power party’s response to the Democratic Party’s push for a reduced budget plan is that thay were “hit in the back.” At the People Power Party’s general meeting held on this day, it was reported that there was also a criticism to the effect that ’the party’s response was insufficient’ in response to the Democratic Party’s push for a reduced budget.A re-elected lawmaker said, “The Democratic Party made a complete mistake,” and added, “There was an atmosphere that the democratic Party would push for a reduced budget, but it is indeed problematic that they were stabbed in the back.” A first-term lawmaker also said, “there was a lot of talk about what to do about the budget plan,” and added, “We decided to make more known the items that were cut from the people’s livelihood budget.” Rep. Koo Ja-geun,the ruling party’s secretary on the Budget and Budget Committee,said,”We were continuing to discuss increases and decreases with the opposition party at the Budget and Budget Committee,but Rep. Heo Young, the opposition party’s secretary, suddenly said, ‘We will pass the reduction bill,'” with the effect that “it would be unachievable without Representative Lee’s instructions.” He said he explained the situation.
Floor leader Choo Kyung-ho met with reporters after the afternoon general meeting of lawmakers and said, “All lawmakers agreed on the position that we will not engage in additional budget negotiations unless the Democratic Party’s position, which declares a change in attitude, is confirmed,” adding, “We will maintain that position and hold a meeting on December 10th.” “We will go as far as we can,” he said.
The democratic Party cut the budget for resolving legislative conflicts by 93.112 billion won, including supporting salaries for majors, and cut the budget for child care allowances by 38.4 billion won. The innovation growth fund to create an industrial ecosystem was cut by 23.8 billion won, and the budget for college student work scholarship support was cut by 8.332 billion won. The Youth Work Experience Project, which connects with companies so that young people can gain practical experience in the field, is KRW 4.6 billion, and the Asset Formation Support Project for Children from Vulnerable Classes, which provides support to children from underprivileged classes to help them grow up and advance into society, is KRW 2.1 billion. Won was cut.
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