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The government budget plan, which will be the basis for living in Korea next year, has been released.

The key content is to reduce the country's spending, which has increased over the years, and to take care of the underprivileged.

So, let's take a closer look at which parts have decreased and which budgets have increased on the contrary.



The contents of the government announcement were compiled by reporter Jo Ki-ho.



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The government budget for next year will be a total of 639 trillion won.



The amount increased by 31 trillion won, or 5.2%, compared to last year, and the rate of increase is the lowest in six years since 2017.



Since it is impossible to reduce the increased spending in the meantime, he promised to tighten the belt by increasing the intensity until the end of his term of office.



[Chu Kyung-ho / Deputy Prime Minister of Economy: We need to keep our finances soundly for future generations as well.

So, for this purpose, I will reduce government spending if possible.] We have decided to reduce



government spending by 24 trillion won.



Remuneration for civil servants of level 4 or higher is frozen, and 10% of ministers and vice-ministers are returned.



In the energy sector such as the solar power business, SOC such as railways and airports, and the cultural and sports sector where there were many Corona support measures, the expenditure was especially reduced.



[Chu Kyung-ho / Deputy Prime Minister of Economy: Temporary turmoil caused by Corona, and removing that part is having the biggest impact.] The



government has decided to provide more support to the vulnerable with the tight budget.



By increasing the health and welfare budget by 11.5 trillion won, we plan to raise the livelihood benefit for the low-income class, disability allowance, and basic pension.



For young people who have come out of self-reliance facilities, an additional 100,000 won in self-reliance allowance is raised for five years, and moving expenses are subsidized for those living in Banghana, who are suffering from water shortages.



When a child is born, 700,000 won per month will be paid to the parents for one year and 350,000 won for the next year, and from 2024, the amount will be raised to 1 million won and 500,000 won, respectively.



The government plans to submit the budget to the National Assembly this week.



(Video coverage: Kim Min-cheol, Video editing: Kim Kyung-yeon, CG: Lee Jong-jeong, Kim Hong-sik)



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