In the face of continued instability in the Middle East, the South Korean government has stated its intention to prepare and submit a supplementary budget plan as quickly as possible. On the morning of the 13th, acting Minister of Planning and Budget, Lim Gi-geun, emphasized the urgency of this task during a meeting at the Seoul Government Complex. He highlighted the increasing uncertainties in the global economy and the need for prompt responses to minimize the detrimental effects on the South Korean economy, instructing government departments to set aside weekends and holidays to expedite the budget preparation process.

The supplementary budget, which is expected to exceed 10 trillion won, comes in response to significant fluctuations in the financial markets and rising international oil prices resulting from the US-Iran conflict. If the government accelerates its budget preparation efforts, the finalization could occur as early as April. Lim urged departments to assess the impact of the Middle East situation and high oil prices on liveability, industry, and the economy, stressing the importance of identifying initiatives within the supplementary budget that would alleviate pressures on small businesses, farmers, and other vulnerable sectors without the need for additional government bond issuance.

President Yoon Suk-yeol's directive for rapid budget allocation in light of the crisis further underlines the government's commitment to socio-economic stability and recovery. The Planning Office has stated its immediate intention to start working on the supplementary budget to minimize economic damages and relieve burdens from high oil prices, ensuring a swift submission to the National Assembly shortly afterward.