[ARIRANG NEWS] Moon vows tailored support for those hit hardest by COVID-19 through fourth extra budget | South Korea News – KoreaAgain

[ARIRANG NEWS] Moon vows tailored support for those hit hardest by COVID-19 through fourth extra budget | South Korea News – KoreaAgain

문 대통령 “소상공인, 자영업 등 한계 계층에 두터운 지원 시급… 다른 의견 있을 수도”

The government’s fourth extra budget will be used to provide tailored financial support to the people hit hardest by the pandemic.
That’s coming from President Moon Jae-in, during a meeting with top aides.
He emphasized, another budget was inevitable… to strengthen the public safety net so that people’s lives don’t collapse, and to support those who are just barely getting by.
We will focus on first helping those who have faced the biggest economic impact from the resurgence of the coronavirus and find themselves at the breaking point, like merchants, the self-employed and others in hard-hit industries and segments of society.
The extra budget, set to be worth roughly six billion U.S. dollars, will be financed through the issuance of state bonds.
The South Korean leader asked for understanding that support cannot be extended to all citizens,… given the fiscal burden and since the end of the pandemic is unforeseeable.
Moon asked for parliamentary cooperation once the government submits the bill… so the measure can be implemented before the Chuseok holiday, which starts in late September.

#COVID19 #budget #support

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