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Jin Sung-joon said, "The economic indicators are all red...Supplementary budget, not an option, but a must."

2024.12.24 PM 12:02
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Jin Sung-joon, chairman of the policy committee of the Democratic Party of Korea, said, "What the government should do now is to solve the sluggish domestic demand and sluggish consumption," stressing that the creation of an additional budget is essential, not an option.

At the floor meeting, Chairman Jin said that the economic indicators that had been shrinking before the civil war are all red, with the won-dollar exchange rate exceeding 1,450 won for the first time in 15 years since the global financial crisis.

He also pointed out that credit card usage plunged by more than a quarter from the previous week earlier this month when the emergency decree was declared, and that self-employed people are on the verge of forced closure at the end of the year, let alone special year-end holidays.

Chairman Jin said that the government will first execute the budget early, not the extra budget, and asked how long do you intend to repeat the frozen fiscal policy?




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