The Ministry of Planning and Budget said on the 13th it would draw up a supplementary budget using excess tax revenues without additional issuance of Government Bonds. The government has formalized its push to compile a supplementary budget.
The Ministry of Planning and Budget held a meeting of Vice Ministers from related ministries to review the Middle East situation that day and stated accordingly. This is a follow-up measure to President Lee Jae-myung's recent request to "push for the compilation of a supplementary budget as swiftly as possible," depending on the situation in the Middle East.
Acting Minister (Vice Minister) Im Gi-geun of the Ministry of Planning and Budget said, "To ease the public's burden as soon as possible, we will give up weekends and holidays and swiftly prepare a supplementary budget bill," adding, "We plan to prepare the bill and submit it to the National Assembly at the earliest possible date."
Regarding projects to push through with the supplementary budget, Im mentioned: ▲ easing logistics and fuel cost burdens to respond to high oil prices ▲ stabilizing livelihoods for ordinary people, small merchants, and farmers and fishers whose difficulties are worsening under current conditions ▲ supporting export companies directly hit by external shocks.