3차 코로나 추경, 35.3조 '역대 최대'<br /><br />We begin tonight with South Korea's super large supplementary budget...<br />It unveiled a 29 billion U.S. dollar extra budget - the largest ever and the third this year - to raise the total stimulus to nearly 222 billion for an economy facing crisis due to COVID-19.<br />With this round of supplement, the government has put in place support measures equivalent to roughly 14-percent of GDP.<br />Kim Dami leads our coverage tonight.<br />It's the largest extra budget in South Korea's history.<br />The 29-billion U.S. dollar super-budget is even bigger than those allocated during the Asian financial crisis in 1998 AND the global financial crisis in 2008.<br />And it's the first time in almost half a century that South Korea has allocated a third extra budget in a single year.<br />"The government aid is needed for businesses and small firms to overcome the crisis. This financial pump will create a virtuous cycle of financial recovery and contribute to the national economy."<br />The 29-billion-dollar supplementary budget comes from reallocating over 8 billion dollars of spending from other purposes, issuing 19-point-6 billion dollars of state bonds as well as using money from 8 local funds.<br />The latest supplementary budget also draws from some of the country's defense budget.<br />Around 2-hundred 45 million dollars will be taken this time.<br />It's already the second deduction from the defense ministry's budget this year.<br />Around 3-point-6 percent of the 2020 defense budget will be used to combat COVID-19, but the defense ministry has said that such a withdrawal will not affect its ability to carry out its goals and projects.<br />With a total of three extra budgets this year, the South Korean government will have poured 222 billion dollars into providing a financial cushion from the impact of COVID-19.<br />And that's equivalent to 14 percent of the country's 2020 GDP.<br />The government will submit the budget proposal to the National Assembly on Thursday.<br />After lawmakers' approval, the government plans to spend more than 75 percent of it within three months.<br />Kim Dami, Arirang News.<br />
