“Last year and the year before, there weren’t significant disasters… Less need for reserve spending”,
Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, explains the proposed budget at the budget committee meeting held at the National Assembly in Yeouido, Seoul, on the morning of the 6th. 2024.11.6/News1 © News1 Kim Min-ji,
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, ‘(Sejong=News1) Reporter Lee Cheol = Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok mentioned on the 6th regarding this year’s reserve fund allocation, “Due to potential changes such as the U.S. presidential election, we have requested an increase of 600 billion won in next year’s reserve fund.”‘,
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, ‘Deputy Prime Minister Choi stated at the National Assembly’s budget committee meeting, “Last year and the year before, there weren’t significant disasters, so the reserve fund spending was low,” thus explaining the situation.’,
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, ‘On this day, the Ministry of Economy and Finance cited potential uncertainties such as changes in the international situation due to the U.S. presidential election, possible disasters, and the spread of infectious diseases as reasons for increasing this year’s reserve fund.’,
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, ‘However, Democratic Party lawmaker Jung Sung-ho pointed out, “Except for events like the 2002 World Cup and the COVID-19 period, the reserve fund has typically remained within 3 trillion won. Yet, under the Yoon Suk-yeol administration, it has been set at over 4 trillion won.”‘,
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, ‘In response, Deputy Prime Minister Choi replied, “I will explain diligently during the budget review process.”