‘Reduced budget’ not submitted to plenary session yesterday
As a member of the Democratic Party, he took sole control of the budget plan.
The party and government are urged to ‘actively persuade’
Speaker of the National Assembly met with the Deputy Prime Minister for Economic Affairs
National Assembly Speaker Woo Won-sik (right) is meeting and talking with Deputy Prime Minister and Minister of Strategy and Finance (left) Choi Sang-mok, who visited the National Assembly on the 2nd. At this meeting, Chairman Woo said, “For the Republic of Korea, which is facing internal and external crises, to overcome the crisis, the budget must serve as a livelihood budget for the people,” and ordered the government to actively persuade the ruling and opposition parties. Reporter Park Hyeong-ki [email protected]
“The majority party is the majority party, and the ruling party is the ruling party, and it is courteous to the people to fulfill its responsibilities and duties accordingly.”
Speaker Woo Won-sik of the National Assembly announced at the National assembly’s Budget and Settlement Special Committee that he would not submit the unprecedented ‘budget reduction bill’ passed by the Democratic Party of Korea as the only opposition party to the plenary session on the 2nd, and criticized the ruling and opposition parties, saying, “There is a lack of serious and sincere discussion.” I put it. chairman Woo, who is from the Democratic party, put the brakes on the Democratic Party’s unilateral handling of the budget plan, while also pointing out to the government and ruling party, “We need to take a more active role, doing whatever is necessary, whether it’s clarification or persuasion.” Chairman Woo set the 10th,the last day of the regular National Assembly session,as the deadline for processing the budget.
Chairman Woo held an emergency press conference on the 2nd, the legal deadline for processing next year’s budget, and said, “After much consideration, we have decided not to present the budget to today’s plenary session,” and added, “As a result, I am very sorry to the people that we will not be able to meet the legal deadline.” Regarding the reason for not submitting the budget, chairman Woo said, “It is indeed as we judged that it is difficult to provide hope to the people by processing the budget at this time,” and added, “The national Assembly is responsible for stabilizing the people’s livelihood and economy and creating a budget that gives hope to the economically weak and vulnerable groups.” “It is in,” he said. At a meeting with Deputy Prime Minister and Minister of Strategy and Finance that day, Choi Sang-mok said, “The Republic of Korea, which is facing internal and external crises, must have a budget for people’s livelihood that can overcome the crisis,” and ordered the government to more actively persuade the ruling and opposition parties.
As there was shouting back and forth between the ruling and opposition party lawmakers in the plenary session that day, Chairman Woo also appealed, “Please become a member of the National Assembly who knows how to listen to the other party’s story, at least in the plenary session.” He pointed out, “All citizens are watching the plenary session,” and “It is indeed in this plenary session that the National Assembly members show the level of democracy.”
Reporter Dabin Yoon [email protected]
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What are the key challenges facing South Korea’s National Assembly in the current budget discussions?
Interview between the Time.news Editor and Expert: Budget Dynamics in South korea
Editor: Welcome, and thank you for being here today to discuss the recent developments surrounding South Korea’s budget proposal. It’s a complex situation, and we’re eager to get your insights. First, can you give us an overview of what transpired during the recent National Assembly session?
Expert: Absolutely, and thank you for having me. Recently,Speaker of the National Assembly,Woo Won-sik,faced a notable moment when he decided not to submit the so-called ‘budget reduction bill’ proposed by the Democratic Party of Korea to the plenary session.This decision came amidst escalating tensions between the ruling and opposition parties regarding the budget’s direction, which is crucial for addressing the economic challenges faced by the country.
Editor: That sounds quite impactful. What were the main criticisms made by Chairman Woo during this session?
Expert: Chairman Woo expressed his disappointment in the lack of serious and sincere discussions between the ruling and opposition parties.He emphasized that the National Assembly holds a responsibility not only to meet deadlines but also to ensure the budget serves as a “livelihood budget” aimed at the welfare of the peopel, especially those who are economically vulnerable. His stance indicates a push for collaborative governance rather than unilateral decisions.
Editor: It truly seems like Woo is calling for more active engagement from the ruling party and the government. What are his expectations moving forward?
Expert: exactly. Woo has urged the government, particularly under Deputy Prime Minister Choi Sang-mok, to take a more proactive role in not just clarifying their positions but also in persuading both sides of the aisle to engage in meaningful negotiation.He set a deadline for processing the budget, which indicates that there is a sense of urgency. The overarching goal is to build a budget that instills hope and stability amidst the country’s ongoing crises.
Editor: The article mentioned that Woo expressed regret over not meeting the legal deadline for submitting the budget. How significant is this implication, and what could it mean for the future of governance in South Korea?
expert: missed deadlines can have serious ramifications in parliamentary systems, including loss of public trust and increased scrutiny from both opposition parties and the citizens. Woo’s statement of regret underscores the importance of the budget in political and social stability. For the future of governance, it signals that efficiency and openness must be priorities going forward, especially if the parties wish to avoid further chaos.
Editor: And amid these internal challenges, what external factors are influencing South Korea’s budgeting process?
expert: South Korea is currently navigating a period of both internal and external challenges—including economic downturns and geopolitical tensions. The government’s ability to craft a budget that responds effectively to these pressures will be critical. There’s a wider expectation that the budget should not only stabilize the economy but also create growth opportunities, which adds another layer of complexity to the discussions.
Editor: It sounds like the stakes are quite high. Lastly, in your view, what kind of strategies might the government adopt to encourage bipartisan cooperation on the budget?
Expert: The government could consider initiating a series of bipartisan roundtable discussions, providing an open forum for dialog that includes not just politicians but also civil society and economic experts. Transparency in budget discussions, allowing public input, and ensuring that key stakeholders are involved can also foster a spirit of collaboration. It’s all about rebuilding trust and focusing on shared goals for the benefit of the populace.
Editor: thank you for your valuable insights today. It’s clear that the path ahead requires careful navigation, and citizens will be watching closely to see how these strategies unfold in the coming weeks.
Expert: Thank you for having me. It’s certainly a critical time for South Korea, and I hope for a resolution that serves the people’s best interests.