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National Assembly's special budget committee begins review of extra budget bill

2019-07-12 5 Dailymotion

The National Assembly's special budget committee has kickstarted its review of the government's 5-point-7 billion U.S. dollar extra budget bill.<br />Today, rival lawmakers on the committee are holding a general Q&A session with cabinet members,... including Prime Minister Lee Nak-yon.<br />Of the extra budget,... 1-point-9 billion dollars has been set aside to support recovery efforts following a series of natural disasters,... while the remainder will be used to tackle downside economic risks.<br />The ruling Democratic Party is also trying to add about 2-hundred-50 million dollars to support the government's efforts to deal with Japan's export restrictions on South Korea.<br />The opposition bloc has warned of major cuts,... with some claiming the extra budget is aimed at winning over voters ahead of next year's general elections.<br />The budget bill was submitted to the National Assembly in late April.<br />

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