Mar 12 • 05:58 UTC 🇰🇷 Korea Hankyoreh (KR)

President Yoon: "Prepare the supplementary budget as quickly as possible, even if it means staying up all night"

President Yoon has urged for the rapid formulation of a supplementary budget to mitigate economic crises.

During a recent meeting at the Blue House, President Yoon Seok-yeol called for the urgent creation of a supplementary budget, emphasizing that quick financial support is crucial for both public welfare and economic recovery during times of crisis. He expressed concern that traditional practices resulting in delays of one to two months for budget preparations may hinder necessary financial responses. President Yoon's advice to work through the night to expedite the budget reflects the administration's priority on immediate action to support struggling communities and businesses.

The president's comments are part of a broader strategy to navigate the financial impacts of the ongoing economic challenges faced by South Korea. He referenced previous discussions from a cabinet meeting where the necessity for additional financial resources was highlighted to assist sectors affected by fluctuating oil prices and to support small businesses. By officially pushing for a supplementary budget, the government aims to mobilize resources more effectively and respond promptly to pressing economic needs.

This call to action indicates a pivotal moment for President Yoon's administration, as it seeks to demonstrate proactive governance during tough economic times. The urgency in his plea suggests a recognition of the challenges posed by economic downturns and the importance of government intervention to foster recovery. The swift implementation of the supplementary budget could serve as a key indicator of the administration's commitment to addressing public concerns regarding economic stability and support for affected citizens.

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