Written by 11:44 AM Politics

The Democratic Party stated, “The scale of the 20 trillion won supplementary budget for public livelihood support and local currency will be determined through consultations between the party and the government.”

[the300] (Comprehensive),

[Calgary=Newsis] Reporter Choi Jin-seok = President Lee Jae-myung is holding a press conference on Air Force One on the 16th (local time) while heading to Calgary, Alberta, Canada to attend the Group of Seven (G7) Summit. 2025.06.17. myjs

[Calgary=Newsis] Reporter Choi Jin-seok = President Lee Jae-myung is holding a press conference on Air Force One on the 16th (local time) while heading to Calgary, Alberta, Canada to attend the Group of Seven (G7) Summit. 2025.06.17. [email protected] / Photo: Choi Jin-seok,
, ‘The additional supplementary budget bill by the Lee Jae-myung government is set to be brought before the Cabinet meeting on the 19th. The Democratic Party stated, “Once the government’s supplementary budget is drafted, we will finalize specifics such as the method for distributing public welfare recovery support funds through party-government discussions.” The party and the government plan to continue unofficial working-level discussions until the Cabinet meeting, with no separate public party-government meeting expected.’,
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, ‘On the morning of the 17th, Jin Sung-jun, Chairman of the Democratic Party’s Policy Committee, said in a strategy meeting at the National Assembly in Yeouido, Seoul, “The specific scale and method of supplementary budget items like public welfare recovery support funds and local currency will be finalized through party-government consultations” and added, “We will hold a party-government meeting once the government’s supplementary budget is drafted.” ‘,
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, ‘A key figure in the party frontline told Money Today the300, “There’s no talk of holding a separate public party-government meeting tomorrow. Our schedule is packed today and tomorrow,” adding, “Discussions between the party and government on the supplementary budget continue privately among working-level officials. This method will harmonize differences before the Cabinet meeting.” ‘,
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, ‘Another source mentioned, “The presidential office is still not entirely organized. It’s like being asked to cook rice without a pot,” suggesting, “Once appointments for the Prime Minister, ministers, and vice ministers are complete and they are settled, we can start official meetings. The start of the official consultation is still undefined.” ‘,
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, ‘The Democratic Party aims to process the second supplementary budget by early July, in coordination with the opposition party on the composition of the National Assembly’s Budget and Accounts Committee, after the National Assembly receives the bill following its presentation and approval by the Cabinet. They have requested the Speaker’s office to convene a plenary session on the 19th, intending to finalize the set-up quickly and launch deliberations.’,
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[Seoul=Newsis] Reporter Go Seung-min = On the 17th, Kim Byung-ki (center), acting head of the Democratic Party and floor leader, receives a congratulatory orchid from President Lee Jae-myung's Chief of Staff Kang Hoon-sik and Chief Political Officer Woo Sang-ho at the National Assembly in Yeouido, Seoul. 2025.06.17. suncho21@newsis.com / Photo: Cho Seong-bong</em></span>, <br />, ‘On the afternoon of the same day, Kim Byung-ki, the Democratic Party’s floor leader, emphasized the urgency of processing the supplementary budget during a meeting with Kang Hoon-sik, the presidential office chief of staff, and Woo Sang-ho, the chief political officer, at the National Assembly in Yeouido. After the meeting, Kim told reporters, “Chief Political Officer Woo asked to expedite the supplementary budget as much as possible.” ‘, <br />, <br />, ‘According to political sources, the Ministry of Economy and Finance is expected to unveil a supplementary budget exceeding 20 trillion won based on ongoing discussions. It is reportedly under final consideration with the government and presidential office for the Democratic Party’s proposal to distribute consumption coupons of 250,000 won to all citizens (350,000 won for vulnerable groups).’, <br />, <br />, ‘Chairman Jin reiterated at the morning meeting, “The party consistently upholds a universal distribution principle for public welfare recovery support,” and proposed additional support be extended to basic income recipients and lower income brackets according to the party’s Special Act to Overcome Livelihood Crises, which mentioned the universal distribution principle with extra support based on income levels. They will discuss the supplementary budget following the same principles.’, <br />, <br />, ‘Kim Hyun-jung, the Democratic Party’s spokesperson, also stated, “The party’s fundamental principle is universal support, but it is also considering a combined approach to more substantially support marginalized groups like single-parent families” and noted that while negotiations are ongoing regarding the supplementary budget, President Lee made similar remarks today, suggesting the approach might lean towards a combined support model.’</p>
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