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The government urgently formulated an additional 11.7 trillion won budget to cope with Corona 19 and revitalize the stagnant domestic economy. The government will strengthen the defense system to finance the common people and the vulnerable, boosting consumption and saving the local economy.

I'm Hwa Kang Yoon.

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The additional 11 trillion won is worth KRW 1.3 trillion in tax revenues to cover the shortfall in revenues of 8.5 trillion won.

First, KRW 2.3 trillion was allocated to strengthening and upgrading the quarantine system.

KRW 2.4 trillion will be invested to support small businesses and SMEs affected by the recession.

We spend 3 trillion won to promote local consumption while stabilizing the livelihoods of difficult people by providing consumption coupons of up to 220,000 won per month to 1.36 million low-income households and 100,000 won of consumption coupons for children.

[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.

The financial resources for organizing the KRW 11.7 trillion in supplementary payments were decided to cover 10 trillion won in government bonds.

In this case, the national debt to GDP ratio of 41.2% this year is over 40%.

The ratio of managed fiscal deficits also increased to 4.1%, surpassing 4% for the first time since 1998, when the aftermath of the financial crisis.

The government says it is an inevitable choice to break through emergency nations and is planning to take further measures as the situation develops.