Choi Sang-mok, "Request for an increase of 600 billion won in reserve funds in preparation for the U.S. presidential election."

Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok said he has asked for a 600 billion won increase in next year's reserve to cope with unpredictable financial needs caused by this year's U.S. presidential election and disasters.

Deputy Prime Minister Choi Sang-mok responded to a general meeting of the National Assembly's Strategy and Finance Committee today, pointing out that the reserve growth rate for next year was 14.3%, too high for the total expenditure growth rate of 3.2%.

Deputy Prime Minister Choi said last year and the year before last, the scale of disasters was not large, and the reserve fund for next year was increased to 4.8 trillion won due to possible changes due to international circumstances and the U.S. presidential election.