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S. Korea's rival parties agree to 2021 budget worth US$ 500 billion

2020-12-01 6 Dailymotion

여야, 내년 예산안 합의…556조→558조원으로 11년 만에 순증<br /><br />The ruling and opposition parties in the South Korean parliament have agreed to a budget for next year of around 558 trillion won,... which is about 500 billion U.S. dollars.<br />The agreement was reached Tuesday in negotiations between the ruling Democratic Party and the main opposition People Power Party.<br />They agreed to add about 2 billion dollars for COVID-19 relief and purchases of vaccines.<br />This addition will be covered by national bonds.<br />The final amount comes out to more than what the government originally planned for, the first time that's happened in 11 years.<br />

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