National Assembly likely to miss legal deadline to pass 2019 budget plan
- 5 years ago
예산안 심사 속도 내지만 법정기한 처리 힘들 듯
The clock is ticking.
We're only three days away from the legal deadline to pass the 2019 budget.
Although marathon deliberations are underway,... it seems unlikely, rival parties will see eye to eye in time.
Kim Min-ji has the latest from parliament.
Prospects appear dim for the National Assembly to pass the 2019 budget plan by the legal deadline of December second, or this Sunday.
The parliament's budget committee has until Friday to finish its deliberations -- or the proposal will be automatically referred to a plenary meeting in its original form the next day, unless parties agree otherwise.
On Wednesday, a sub-committee did get back to making cuts and additions to the roughly 420 billion U.S. dollar spending plan,... but they've still got a long way to go -- having started the review a week late,... not to mention days of standoff along the way.
Tense negotiations are expected during marathon deliberations,... especially in disputed areas... such as the budget for job creation... and inter-Korean projects.
It appears inevitable that they'll have to deliberate among a smaller group of lawmakers -- consisting of a representative from each party -- something that's long been criticized as insufficient and hasty.
The ruling Democratic Party has called for all-out efforts from all parties so that the bill can be passed by the legal deadline.
"We've been criticized long enough for inadequate and hasty reviews of the budget. This must not happen again. I want to stress that the budget plan must be passed by the legal deadline."
However, the main opposition Liberty Korea Party has been taking aim at the ruling party and the government for an expected shortfall in tax revenues -- saying that the government failed to draw up the spending plan properly in the first place.
"A four-trillion won (3-point-6 billion dollar) shortfall in tax revenue is a serious miscalculation. Whether it's a mistake or not, the government can't just demand that parliament review this. Even if we reach an agreement, the ruling party should clearly note that this is not good enough."
For now, the plan is for the sub-committee to finish reviewing major areas of the budget by Friday midnight,... and from there the representatives of each party on the budget committee will fine-tune the details in contested areas.
The rival parties are aiming to have the bill ready for a vote by December third,... but it could be later depending on how the negotiations go this weekend.
Kim Min-ji, Arirang News.
The clock is ticking.
We're only three days away from the legal deadline to pass the 2019 budget.
Although marathon deliberations are underway,... it seems unlikely, rival parties will see eye to eye in time.
Kim Min-ji has the latest from parliament.
Prospects appear dim for the National Assembly to pass the 2019 budget plan by the legal deadline of December second, or this Sunday.
The parliament's budget committee has until Friday to finish its deliberations -- or the proposal will be automatically referred to a plenary meeting in its original form the next day, unless parties agree otherwise.
On Wednesday, a sub-committee did get back to making cuts and additions to the roughly 420 billion U.S. dollar spending plan,... but they've still got a long way to go -- having started the review a week late,... not to mention days of standoff along the way.
Tense negotiations are expected during marathon deliberations,... especially in disputed areas... such as the budget for job creation... and inter-Korean projects.
It appears inevitable that they'll have to deliberate among a smaller group of lawmakers -- consisting of a representative from each party -- something that's long been criticized as insufficient and hasty.
The ruling Democratic Party has called for all-out efforts from all parties so that the bill can be passed by the legal deadline.
"We've been criticized long enough for inadequate and hasty reviews of the budget. This must not happen again. I want to stress that the budget plan must be passed by the legal deadline."
However, the main opposition Liberty Korea Party has been taking aim at the ruling party and the government for an expected shortfall in tax revenues -- saying that the government failed to draw up the spending plan properly in the first place.
"A four-trillion won (3-point-6 billion dollar) shortfall in tax revenue is a serious miscalculation. Whether it's a mistake or not, the government can't just demand that parliament review this. Even if we reach an agreement, the ruling party should clearly note that this is not good enough."
For now, the plan is for the sub-committee to finish reviewing major areas of the budget by Friday midnight,... and from there the representatives of each party on the budget committee will fine-tune the details in contested areas.
The rival parties are aiming to have the bill ready for a vote by December third,... but it could be later depending on how the negotiations go this weekend.
Kim Min-ji, Arirang News.