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President Yoon Seok-yeol held a meeting to discuss how to manage the country's livelihood in the future.

The last government said that the national debt grew too quickly, and now it will cut back on spending it.



Reporter Jo Ki-ho pointed out which method was discussed and whether there would be any side effects.



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It is a national debt clock that shows the national debt.



Debt has already accumulated over 1 trillion won, 20 million won per person, and it continues to increase by 1.84 million won per second.



To slow this down as much as possible, the government has announced that it will do a budget restructuring.



[President Seok-Yeol Yoon: The financial situation has deteriorated significantly over the past five years.

In order to overcome the current issues of livelihood and the financial crisis, the government must take the initiative and tighten the belt.]


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Even if we take out debt, we have decided to run a deficit within 3% of GDP from now on.



The national debt is now over 50% of GDP, and we plan to tie it down to the mid-50% level by 2027, when the president's term ends.



To achieve this goal, we have decided to spend less by 12 trillion won by reducing the number of projects that require money.



It was decided to sell unnecessary public institutions and government property and bundle the salaries and quota of civil servants.



[Sangdae Choi / 2nd Vice Minister of Strategy and Finance: In the case of the public sector that is not currently at risk of business closure and job loss, considering the specificity, the remuneration of civil servants is strictly managed along with the quota..]



20% or more of the domestic tax is unconditionally applied to the elementary, middle and high school budget It also changes the law that requires it to be used as a stipend, and is used to support universities or reduce national debt.



But there are also opposing views.



He said that he would additionally reflect more than 200 trillion won in the President's pledged budget, but is it correct?



[Lee Sang-min / Senior Member of Nara Salim Research Institute: There is no way in this world to reduce taxes, increase the expenditure we want, and improve the fiscal balance.

It is correct to be a little more honest and tell the current financial reality accurately.]



If tax revenues increase and government expenditures are reduced, the country's livelihood will become stronger, but the objection that even the government closes its wallets in a situation where there are concerns about an economic downturn will not help the economy. There is also.



(Video coverage: Joo Beom, Kim Min-cheol, Video editing: Choi Eun-jin, CG: Kim Jong-un)