Yoon criticizes opposition party’s livelihood support fund, saying, “Why are you only giving 250,000 won? Give 10 billion won each.”

2024-07-04 07:32:28

President Yoon Seok-yeol speaks at the ‘Second Half Economic Policy Direction and Dynamic Economic Roadmap Announcement’ meeting held at Yeongbingwan on the 3rd. 2024.7.3 Presidential Press Corps

On the 3rd, President Yoon Seok-yeol criticized the 250,000 won livelihood recovery fund for all citizens proposed by former Democratic Party leader Lee Jae-myung and currently being promoted by the Democratic Party in the National Assembly, saying, “Why are we only giving 250,000 won per citizen? Why not give 1 billion won or 10 billion won to each citizen?”

At the meeting on “Second Half Economic Policy Direction and Dynamic Economic Roadmap Announcement” held at the Blue House Guest House on this day, President Yoon said, “Isn’t it obvious what the result will be?” “First of all, prices will rise beyond imagination, and external credibility will completely plummet, making it impossible for the government or companies to operate outside the country.” He also said, “They talk recklessly without any concept of national bonds, as if finances are not a problem as long as the debits and credits on the balance sheet match,” and “(We) will not engage in populist cash handouts, but will provide sufficient, customized support to small business owners who are in dire need of help.” He defined the Democratic Party’s policies as populism and emphasized sound finances.

President Yoon also targeted the Moon Jae-in government’s COVID-19 small business policy, saying, “The fundamental cause of the difficulties small business owners are experiencing now is that we have restricted their operations while providing indiscriminate and excessive loan support during the COVID-19 period.” President Yoon diagnosed, “Small business owners have been hit hard by the long-term high interest rates as the number of small business owners receiving loans and the size of the loans have increased rapidly.”

At the meeting, Prime Minister Han Duck-soo also mentioned past high interest rates, trade deficits, and worsening fiscal balances, saying, “When I looked at the economy we inherited when the government was launched, I had a strong feeling that our country could perish.”

Reporter Shin Na-ri [email protected]

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2024-07-04 07:32:28