The government that punishes the budget and puts the "bad guy" in the National Assembly – Chosun.com

The ruling party, the Uri party, resumed budget deliberations on July 28, after three days of meeting of the subcommittee of the parliamentary trials committee. The government promised to "propose measures" regarding the 4 trillion won deficit, which was at the origin of the rumor about the budget, and the free Korean party and the future right-wing party resumed deliberations on the budget. However, the day before, the Deputy Prime Minister of Economy, Kim Dong-yeon, left the country criticizing the "budget of 470 trillion won," the largest in history, was critical.

◇ five days before the budget process,

Kim left the country in the afternoon of the 27th to visit an international credit rating agency in the UK and a G20 summit in Argentina. It was the second time that the budget review was suspended five days before the scheduled date (December 2). In the opposition party, Kim said: "Kim has promised to complete the budget process in charge of the court on time," he said. "I can not understand what the government has done to release the director general of the budget at this stage." On the day of departure, Mr. Kim said, "We should take action against 4 trillion won of tax revenue." Without giving an alternative to the demands of the opposition party, we can understand the decentralization of the financial system and the cuts in the oil tax for the people. There will be. "

However, many financial experts said: "The 4 trillion won deficit is very unusual and the government is responsible." This year, the government announced that total revenues would increase by 7.6 percent to 481.3 billion won, and total expenditures would increase by 9.7 percent to 470.5 billion won.

Lee Tae-seok, director of the Korea Institute for Development (KDI), said: "In principle, it is right that the government submit a revised budget to the National Assembly after the government has submitted the budget." Professor Hong Kyung-yong of Incheon University said, "While the government is reducing the fuel tax, it is right that the government publishes measures as well as revenue flaws." If the government has submitted a draft budget to the National Assembly and that revenue and annual expenditure have changed, the law provides that it can submit a revised budget. For example, during the 2008 global financial crisis, the Lee Myungbak government adopted a revised budget proposal that reduced tax revenues by 1.9 trillion won and increased total expenditures by 10 trillion won. National Assembly on November 7th.

At the opposition party's offensive, Kim and the ruling party argued that "the oil tax cuts are measures for the people". However, Professor Sung Myung-Hong Hong said: "If you think of ordinary citizens without a car, it is unlikely that the reduction of the oil tax is really a policy for ordinary citizens." However, Jeon Byeong-wook, a professor at the Seoul City University, said: "It's too much for the opposition party to refuse even budget deliberation because of the lack of money. 39, the political objective of the deficit. "

Revisiting the government's promises to present a 4 trillion won deficit solution

Ahn Sang-soo, deputy secretary of the ruling party, Uri, and Kim Yong-jin, deputy secretary of the ruling Uri party, met in the National Assembly and approved the so-called budget. Korean Prime Minister Jang Jae-won said, "Since the government decided to present a 4 trillion won solution to the sub-committee's deficit, I believe so far." Lee Hye-hoon, ruling party secretary Uri, said: "I was worried that the government would repeat the deficit bond issue," Deputy Minister Kim Yong-jin said, "I was preparing for the government and I did not give the details. "

Inside and outside the National Assembly, the government intends to reduce some budget items, adjust interest rates on government bonds, or obtain additional tax revenues when the process of deliberation of the tax bill of the National Assembly.

At the same time, Moon Hee-sang, chairman of the board of directors, announced on April 28 that he was going to nominate 28 budget bills including the increase in the global property tax, the EITC, increasing the incentive for children and strengthening local finances. The Korean government has also included measures to reduce corporate taxes and ease the burden on two-person households. If the National Assembly does not deal with the legislation before the 30th of the month, the bill will automatically be submitted to the plenary session of 2 December.