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Additional COVID-19 relief payments will 'entirely' have to come from issuance of national bonds: PM

2020-08-25 6 Dailymotion

정총리 "2차 재난지원금 국채에 의존해야…주저할 수밖에"<br /><br />South Korea's Prime Minister says the government will have no option but to 'entirely' rely on the issuance of national bonds if a second round of emergency COVID-19 relief money is approved.<br />Speaking to lawmakers Monday, Chung Sye-kyun said the government's resources are "very limited."<br />The nation's top finance chief also said the government will review the need to provide a second round of emergency relief if the resurgence of the virus doesn't slow.<br />The government previously allocated relief funds totaling over 12-billion U.S. dollars to all households to help cushion the pandemic's economic blow.<br />As for the development of therapeutic drugs,... the PM expressed trust that local firms could develop something before the end of this year.<br />

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