Park Hong-geun "Supplementary Budget, Excess Tax Revenue of 53 Trillion Won Shakes National Finances... Thorough Review of Budget Authorities' Intentions"

Park Hong-geun, the floor leader of the Democratic Party of Korea, is attending the party strategy meeting held at the National Assembly on the 3rd and delivering an opening remark. Photo by Yoon Dong-joo doso7@

[Asia Economy reporters Naju-seok and Park Joon-yi] Park Hong-geun, floor leader of the Democratic Party of Korea, said on the 11th regarding the supplementary budget under review by the Yoon Seok-yeol administration, "The astronomical excess tax revenue of 53 trillion won is a matter that shakes the foundation of the national finances, so we will thoroughly examine the intentions of the budget authorities."

Park made these remarks at the Democratic Party emergency committee meeting held at the National Assembly on the same day, concerning the supplementary budget that the government and ruling party have not yet disclosed.

He said, "This supplementary budget is the last opportunity to compensate the people for the damages caused by COVID-19," adding, "It is the first step for both ruling and opposition parties to fulfill the promises made to the public during the presidential election." Park also stated, "Although delayed, we will ensure swift support," and "The Democratic Party will propose projects to the government and provide supplements."