National Assembly Speaker designates bills to complement budget proposal
- 5 years ago
문의장, 종부세법 등 28건 세입예산 부수법안 지정
The Speaker of the National Assembly has designated 28 bills ... linked to next year's budget plan... to be reviewed by the parliament's standing committees.
Among them... are revisions to the laws on property tax, corporate tax and income tax.
Under the National Assembly Act, lawmakers must review the bills by November 30th, which is this Friday.
If that's not accomplished, they will automatically be referred to the plenary session for a full floor vote Saturday... along with the 2019 government spending plan... unless parties agree otherwise.
However, the deliberations aren't expected to be easy.
The budget sub-committee hasn't been able to move ahead on the budget itself for the past few days.
Rival parties are at odds after the government said it expects a 4 trillion-won shortfall in tax revenues next year.
The Speaker of the National Assembly has designated 28 bills ... linked to next year's budget plan... to be reviewed by the parliament's standing committees.
Among them... are revisions to the laws on property tax, corporate tax and income tax.
Under the National Assembly Act, lawmakers must review the bills by November 30th, which is this Friday.
If that's not accomplished, they will automatically be referred to the plenary session for a full floor vote Saturday... along with the 2019 government spending plan... unless parties agree otherwise.
However, the deliberations aren't expected to be easy.
The budget sub-committee hasn't been able to move ahead on the budget itself for the past few days.
Rival parties are at odds after the government said it expects a 4 trillion-won shortfall in tax revenues next year.