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The government has decided to provide an additional 3 million won to small business owners whose sales have decreased as social distancing continues. To this end, the government decided to prepare an additional budget of 14 trillion won and submit it to the National Assembly before the Lunar New Year.



Reporter Lee Hye-mi will tell you about this.



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The government came up with a countermeasure one day after President Moon Jae-in instructed him to come up with a plan to support small businesses using excess tax revenue.



It was decided to give an additional 3 million won to the 1 million won in quarantine support paid last month.



If sales decline is confirmed, the company will pay cash regardless of the size of sales or the level of quarantine measures.



It was also decided to increase the loss compensation for small business owners to 5.1 trillion won by adding 1.9 trillion won to businesses with limited business.



[Hong Nam-ki / Deputy Prime Minister of Economy: We will implement it as early as possible in the first quarter, which is a difficult time, so that we can respond promptly if necessary.] In



addition to the additional quarantine subsidy budget of 10 trillion won, the government is providing a budget for expanding quarantine capabilities such as securing hospital beds. In addition, we plan to compile an additional budget of 14 trillion won in total.



The plan is to spend money only on supporting small businesses and strengthening quarantine measures.



It was decided to mobilize excess tax revenue.



However, since excess tax revenue can be used after the settlement of accounts is completed, deficit government bonds are issued first to cover the excess tax revenue.



Deputy Prime Minister Hong repeatedly apologized for the excess tax revenue of around 60 trillion won, up to 10 trillion won this time, following July and November last year.



[Hong Nam-ki / Deputy Prime Minister of Economy: I bow my head and apologize for the part where excessive tax revenue occurred due to incorrect prediction.]



The government is planning to prepare an additional budget as soon as possible and submit it to the National Assembly before the Lunar New Year holiday.



(Video coverage: Park Young-il, Video editing: Jo Moo-hwan, CG: Kim Kyung-min)



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