<Anchor>

An additional revision of the budget to respond to the Corona 19 crisis and save frozen domestic demand was voted at the Cabinet meeting today. KRW 11,700 billion, the largest ever for responding to infectious diseases. First of all, KRW 2.3 trillion will be spent to reinforce the quarantine system, including compensation for loss of medical institutions and support for the cost of living in isolation. The KRW 2.4 trillion, and the most 3.38 trillion won, will be devoted to supporting livelihoods and consumption of low-income people, senior citizens and children. As the situation is urgent, the government's goal is to hurry about 8 trillion won within two months after passing the National Assembly.

Hwagangyun reporter.

<Reporter>

First of all, we decided to give up to 1,890,000 people with low-income households of 1.36 million for four months' consumption coupons of up to 220,000 won per month.

Consumption coupons are paid in Onnuri Gift Certificates or Local Love Gift Certificates.

2.63 million people under the age of 7 receive a coupon for consumption of 100,000 won per person for 4 months.

In addition, senior citizens receive 20% of the total salary for four months as a local love gift certificate.

If you buy a household appliance that has received the first grade in the energy efficiency rating system, we will refund 10% of the purchase price within the limit of KRW 300,000 per person.
[Hong Nam-gi / Deputy Prime Minister: I am confident that it will be a support for minimizing the damage caused by colostrum's spread of infectious diseases and sustaining a shrinking public economy.

A budget to minimize the damage to the job market was also set, including an additional KRW 400 billion in additional youth incentives.

The government has decided to issue 10 trillion won in government bonds to finance the supplement.

As a result, the ratio of financial fiscal deficits, which is a representative indicator of fiscal soundness, will surpass 4% for the first time since 1998 during the financial crisis.

The government is calling it "an unavoidable choice to break through an emergency nation," and said it could take further measures as the situation unfolds.

(Video coverage: Kim Min-chul, Video editing: Jang Hyun-ki)