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Due to the Corona Economic Crisis, the debt has rapidly increased as additional accounts have been organized four times.
In fear of deteriorating fiscal soundness, the government has announced that it will prepare fiscal rules that stipulate standards for fiscal expenditures by this month, but it has been postponed.
Reporter Hwa Gangyoon on the report
<Reporter> After
four additional rounds, the ratio of national debt to GDP rises to 43.9%, up 5.8 percentage points from last year.
As fiscal soundness deteriorated rapidly, the need for fiscal rules was raised.
It is common to set the ratio of the budget deficit to GDP, or to prepare a financing plan as well when compulsory spending increases with new laws.
The government also agreed, and several times said it would announce it within this month.
[Hong Nam-ki/Deputy Prime Minister of Economy: I was going to submit the (Financial Rules) around the end of August, but I have said that I will be able to announce them by the end of September.]
These words became an expression as we passed today.
It is known that the delay of childbirth is due to the ruling party's great reluctance to rein in the finances.
An official in the Ministry of Science and Technology said,'The ruling party raises questions not only about the contents of the fiscal rules, but also the introduction of the system itself.'
There are concerns that it will become obsolete because it is merely abstract principles or has many exceptions.
[Hong Woo-hyung/Hansung University Economics Professor: If you are too careful about your financial rules, you may have difficulty solving money.
There is a possibility that such a conclusion will be made that the fiscal rules are not the same as those of the fiscal rules.] The
Ministry of Information and Communication announced that it would finish coordinating opinions after Chuseok and announce the results.