▲ Democratic Party Lee In-young, Chairman of the Independence Party (from left), Choe Jung-sik, Chairman of the Policy Committee, Deputy Prime Minister Hong Nam-gi


In addition, the Democrats and the government held party councils to finalize the government's 2020 budget.

The party emphasized the importance of expanding finances in preparation for global economic uncertainties such as the US-China trade conflict at today's council and shared the need to expand the budget against Japan's economic retaliation.

In-young Lee, the president's representative, said, “Financials should play an active role in preventing low growth from sticking.” You should keep in mind. "

The in-house representative said, "We need to put the financial management direction on budget formation to promote innovation investment, and we want to have an innovation promotion budget for large-scale R & D investment that requires technology independence."

In order to respond to Japan's economic retaliation in a timely manner, the council chairman said, “Financial investment for self-reliance on core material, parts, and equipment that is highly dependent on foreign countries should be significantly expanded from the original plan of 1 trillion won to reflect more than 2 trillion won.” "We should focus on investing KRW 4.7 trillion in future industries in the big three sectors such as data, 5G, AI, and future cars, and focusing on nurturing future talents and supporting the expansion of the second venture boom."

Hong Nam-gi, deputy prime minister of economic affairs and Minister of Strategy and Finance, said, “We will faithfully play a role in finance even if we endure temporary deficits.” "I wanted to organize with."

Mr. Hong said, “We will significantly expand the budget to strengthen the competitiveness of the materials, parts and equipment industry to respond to Japan's export control measures, and will actively reflect public diplomacy such as diplomacy and security.”

Chairman Lee Choon-seok said, "In Talmud, there is a saying, 'If you have a good jar, use it generously.'" .

The government is planning to submit a budget for next year to the National Assembly next month after a meeting of parliamentary meetings.

(Photo = Yonhap News)