In addition, the Democratic Party and the government decided to organize the third supplementary budget (the supplementary budget) into the largest single record ever to overcome the economic crisis caused by coronavirus infection-19 (corona19).

The government plans to pass the third supplementary plan to the National Assembly in June to expedite fiscal input, and to execute 75% of the additional amount within three months of the passage.

"We need sufficient fiscal policy to prepare for the worst," said Democratic Party leader Kim Tae-nyeon, a party leader at the National Assembly, said, "Enough finances will serve as a breakwater for liquidity and job security."

In addition, he emphasized that "Korean New Deal including Digital New Deal and Green New Deal, so-called 'Moon Jae-in New Deal' is the economic policy that is the world's standard in Korea."

Regarding the 3rd Cardinal, he said, "You need to expedite financial input."

"The rapid and drastic input of finances is important to overcome the global impact of Corona 19," said Democratic Party Coordinator Jeong Jung-sik.

Next, he explained, "We will put drastic finances for core projects to achieve visible results by 2022, and will also reflect the budget for developing therapeutics and vaccines and fostering the bio industry."

Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, said, "The government is planning to submit additional plans to the National Assembly on the 4th." Said.

"The government will make every effort to prepare in advance to be executed as quickly as possible," he said. "In the case of the supplementary plan, as soon as it is passed by the National Assembly, 75% of the estimated amount will be executed in advance within three months."

(Photo = Yonhap News)