Kim Sang-hoon opposes calls for ‘supplementary budget issuance of local currency’
On the 7th, the People Power Party criticized the Democratic Party of Korea’s policy committee’s call for an emergency supplementary budget to restore the people’s economy, saying, “In the end, their demand is to secure a local currency budget again.”
Kim Sang-hoon, chairman of the People Power Party’s policy committee, said at the party’s floor plan meeting this morning, “The difference is too big from Democratic Party leader Lee Jae-myung’s statement that he would be open to discussing any supplementary budget that would help the economic recovery.” He added, “What is the truth?” Is it revitalizing the people’s economy or creating President Lee’s achievements? “Were Representative Lee’s remarks ignored, or did Representative Lee make a remark like two-headed meat?”
Chairman Kim said, “A wasteful supplementary budget by indiscriminately distributing cash is absolutely unacceptable,” adding, “Issuing regional love gift certificates as requested by the Democratic Party and organizing a wasteful supplementary budget by indiscriminately distributing cash to secure the budget are not helpful to the people.”
At the same time, he said, “An incorrect supplementary budget will inevitably lead to a deterioration in fiscal soundness and cause side effects such as a decline in the national credit rating.” “It is,” he said.
On the 5th, the Democratic Party’s Policy Committee said, “Now is a golden time when the role of finance is desperately needed,” and added, “The government must begin preparing the supplementary budget without delay. “We urge you to immediately stimulate the economy through direct support for the recovery of people’s livelihoods and the issuance of large-scale local currency,” he said, arguing for the revitalization of the domestic economy through subsidies for the recovery of people’s livelihoods.
Reporter Kwon Gu-yong [email protected]
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