The People Power Party said it would verify the appropriateness of the Lee Jae-myung administration's fiscal expansion policy in the 2025 fiscal year settlement of account.

People Power Party lawmakers on the Special Committee on Budget & Accounts, including Yoo Sang-bum, the opposition secretary, announce the 2025 fiscal year settlement of account review direction at the National Assembly press briefing room on the 21st./Courtesy of Yonhap News

Commissioners of the People Power Party Special Committee on Budget & Accounts held a press conference at the National Assembly on the morning of the 21st and announced key issues in the top 100 problematic programs in the 2025 fiscal year settlement of account and the direction for settlement review.

The People Power Party said, "We will verify the appropriateness of the fiscal expansion policy, under which last year's two supplementary budgets increased the original main budget from 673.3 trillion won to 703.3 trillion won, and government debt also rose from 1,273.3 trillion won to 1,301.9 trillion won."

Specifically, it said it would analyze the within-year execution rate of the second supplementary budget projects to hold accountable for the increase in national debt caused by unnecessary deficit bond issuance stemming from excessive supplementary budgeting; examine the issue of a shift to stonewalling on disclosure of special operation expenses for the presidential office and the three special prosecutors that the Democratic Party had consistently pushed when it was the opposition; and look into refusals to submit detailed data on the use of reserve funds related to the transfer of the Blue House after the launch of the Lee Jae-myung administration.

As settlement of account problem programs, the People Power Party cited the Ministry of SMEs and Startups (MSS) mother fund investment in small and medium-sized enterprise parent associations and the Ministry of Science and ICT AI Innovation Fund, for which 300 billion won and 50 billion won, respectively, were reflected in the supplementary budget but actual corporate investment was zero; the zero-emission vehicle supply program, which the Democratic Party pushed to increase by 105 billion won but left 382.1 billion won unused; and the Ministry of Culture, Sports and Tourism (MCST) new-technology convergence content industry promotion, which was increased by 21 billion won in the second supplementary budget but had an execution rate of only 9% (1.9 billion won).

It also said it would closely verify the usage details of special operation expenses, including 4.1 billion won for the presidential office, 6.6 billion won for the Ministry of Justice's special prosecutor Cho Eun-suk, 9.1 billion won for special prosecutor Min Joong-ki, and 5.5 billion won for special prosecutor Lee Myung-heon, as well as the reserve fund usage related to the transfer of the Blue House.

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