Presidential Office to unveil year-end, holiday spending package this month

[Anchor]
The presidential office is expected to announce measures to boost domestic consumption and consumption by targeting the year-end and New Year holidays within this month.

It is being conceived as one of the solutions to overcome polarization, and measures are being considered to increase the income deduction rate of card expenditures.

Reporter Cho Yong-sung reports.

[Reporter]
Earlier, President Yoon Suk Yeol called for proactive measures to boost domestic consumption and consumption at a meeting of senior secretaries, and emphasized the importance of consumer sentiment at the subsequent discussion on people's livelihoods.

In line with this, the presidential office and the government are preparing measures to boost consumption during the year-end and New Year holidays.

The plan is to provide additional tax benefits for the increase in consumption for a certain period of time, and it is highly likely to raise the income deduction rate significantly as the amount of expenditure has increased from a year ago.

[Yoon Suk Yeol / President (Last 2nd, debate on people's livelihoods): In the United States, consumption and credit card payments at the end of the year are taxed, and income tax is taxed and greatly reduced.]

A senior presidential office official said he is planning to announce measures to boost consumption within this month, adding that details will be included before the comprehensive polarization measures to be announced at the beginning of the year.

In addition, financial support plans will be prepared within this year for self-employed people who faithfully repay loan interest.

The government is also considering ways to boost domestic demand by boosting tourism, taking into account growing concerns over an economic slowdown.

[Han Deok-soo / Prime Minister: Please accept the voices of the field in a forward-looking manner and devise special measures to boost consumption through tax benefits, regulatory innovation, and tourism activation.]

However, it is reported that the opposition party will not provide cash support.

The president's office said that various discussions are taking place, including holding an economic countermeasure meeting chaired by President Yoon, and that specific measures for people's livelihoods will come out soon.

I'm YTN's Cho Yong Sung.

Filmmaker: Choi Young-wook and Jung Cheol-woo
Video editing: Seo Young-mi
Design: Jeon Whee Lin