The government's budget for next year was set at 512.3 trillion won after the National Assembly's plenary session was finalized.

During the deliberation of the National Assembly, the company reduced net income by KRW 1.2 trillion from the government proposal (513 trillion KRW 500 billion).

Instead of reducing KRW 1.9 trillion compared to the government proposal, the result was an increase of KRW 7.9 trillion, centered on the need to respond to current issues that have occurred since the submission of the government proposal.

The total government spending next year is 9.1% (42.700 trillion) more than the total budget (469.6 trillion won) based on this year's budget.

The total expenditure growth rate is more than double that of the government's next year's normal growth rate (3.8%), and the increase was 9% for the second consecutive year. In 2009 (10.6%), the aftermath of the financial crisis continued following this year (9.5%). ) Is the largest in 10 years since.

Among the 12 sectors, the increase and decrease in comparison with the government plan included health, welfare and employment (181.6 trillion won → 180.15 trillion won), industrial, small and medium-sized and energy (23.9 trillion won → 23.70 trillion won), public order and safety The five sectors have decreased, including KRW 900 billion → 20 trillion KRW) and diplomacy and unification (5.5 trillion KRW → 5.5 trillion KRW) and general and local administration (80 trillion KRW → 79 trillion KRW).

On the other hand, social overhead capital (22.3 trillion won → 23.2 trillion won), agriculture, forestry, fisheries and foods (21 trillion won → 21.25 trillion won), education (72 trillion won → 72.6 trillion won), environment (8 Six areas, including KRW 800 trillion → KRW 9 trillion, research and development (24.1 trillion KRW → KRW 2.4 trillion), and culture, sports, and tourism (8 trillion KRW → KRW 8 trillion) increased.

The defense (50 trillion won) was the same as the government plan.

The biggest change in the parliamentary deliberation process was that the health, welfare, employment and industrial, small and medium-sized and energy budgets were reduced by KRW 1 trillion and 200 billion won, respectively, while the SOC budget was increased by KRW 900 billion and agriculture, forestry, fisheries and food budgets by KRW 500 billion. Will.

The year-on-year growth rate of the finalized budget was the largest, with 26.4% in the industrial, SME and energy sectors, 21.8% in the environmental sector, 18% in the R & D sector, and 17.6% in the SOC sector.

The welfare sector has decreased slightly compared to the government plan, but still recorded a double-digit growth rate of 12.1% year-on-year, while the culture, sports and tourism sectors also increased by 10.6%.

The government explained that during the National Assembly deliberation, the government decided to increase fiscal expenditure mainly on projects aimed at enhancing the competitiveness and support of agriculture and fisheries, reviving economic vitality early, improving people's livelihoods, and improving the quality of life for the people.

The government has reorganized seven existing debit schemes, including rice fluctuation debit schemes, into public interest debit schemes to increase the status of developing countries in the World Trade Organization (WTO).

For stable operation of agricultural and fishery disaster insurance, we will increase the national reinsurance fund from KRW 20 billion to KRW 119.3 billion, and increase the competitiveness of agricultural and fishery by expanding the new fishing village and preventing livestock epidemic.

In order to support the early recovery of economic vitality, we have increased the budget for building national networks such as the early promotion of balanced development projects (KRW 178.8 billion → KRW 189.1 billion) and the Anseong-Guri Expressway (KRW 200.1 billion → KRW 2096.1 billion). .

Construction of Hamyang-Ulsan Expressway (KRW 45 billion), Construction of Pohang-Yeongdeok Expressway (KRW 20 billion), Construction of Gwangju-Gangjin Expressway (KRW 23 billion), Construction of Saemangeum-Jeonju Expressway (KRW 20 billion), Construction of Honam Express Railroad (Gwangju- Mokpo KRW 48 billion) We also increased the budget for Icheon-Mungyeong Railroad Construction (KRW 29.7 billion) and Dodam-Yongcheon Double Track Railway (KRW 48 billion).

In order to improve public welfare, the government will greatly increase the government's support for the long-term care insurance from 1.15 trillion won to 1.22 trillion won, and raise the cost of supporting infertility procedures to up to 1.1 million won to alleviate the economic burden of infertile couples. I greatly increased it.

We raised the budget of KRW 2470 billion to raise the support unit price for kindergarten and nursery school courses from 220,000 won to 240,000 won in 7 years.

In order to prevent traffic accidents in children's protection areas, we decided to invest 110 billion won in the installation of speeding and signal violation control cameras and traffic lights.

On the other hand, during the National Assembly deliberation, the budget for health, welfare, and employment was cut sharply, and the budget was reduced for the dissemination of low-income fine dust masks (-11.4 billion won), the expansion of elderly nursing facilities (-56.3 billion won), and the self-sufficiency project (-17.9 billion won). That's it.

The budget was also cut for job success package support (-13 billion won), relieve social insurance blind spots (-13.9 billion won), and support for job creation for local industries (-26.1 billion won).

Next year, gross income was set at 481.80 trillion won, down 200 billion won from the government plan (482 trillion won).

This is an increase of 1.2% (5.77 trillion won) compared to this year's total income (476 trillion won).

Next year, the national debt was 805 trillion won, down 400 billion won from the government proposal (805 trillion won), and the national debt ratio is expected to maintain 39.8%.

The fiscal deficit of management accounted for KRW 72.1 trillion in the original government bill, but finally improved to KRW 71 trillion, down 600 billion won.

Compared to GDP, it has decreased from -3.6% to -3.5%.

As the budget bill passes the National Assembly, the government plans to hold an interim meeting on Tuesday to vote on a 2020 budget announcement and allocation plan.

The government decided to thoroughly prepare the next year's budget, although it passed about eight days after the statutory deadline (December 2), so that the budget could be executed without disruption after the start of the new fiscal year.

The government plans to allocate more than 70% of the total appropriation budget in the first half of next year to support early recovery of economic vitality.