S. Korean government hopes to implement extra budget by July at latest
- 5 years ago
The South Korean government has called for the swift normalization of the National Assembly to get work done on an extra budget bill.
Ruling party lawmakers and Blue House and government officials in a meeting this morning,... raised concerns that the 5-point-7 billion U.S. dollar supplementary budget bill has been sitting idle for almost two months due to the parliamentary standstill.
They stressed that deliberations must start this week in order to have the extra budget implemented in July at latest... to tackle downside economic risks and help areas recover from a series of natural disasters.
The National Assembly has been out of action.... after the ruling party and three minor opposition parties fast-tracked key reform bills in late April.
The main opposition Liberty Korea Party is demanding that the other parties withdraw the move.
Ruling party lawmakers and Blue House and government officials in a meeting this morning,... raised concerns that the 5-point-7 billion U.S. dollar supplementary budget bill has been sitting idle for almost two months due to the parliamentary standstill.
They stressed that deliberations must start this week in order to have the extra budget implemented in July at latest... to tackle downside economic risks and help areas recover from a series of natural disasters.
The National Assembly has been out of action.... after the ruling party and three minor opposition parties fast-tracked key reform bills in late April.
The main opposition Liberty Korea Party is demanding that the other parties withdraw the move.