Extra budget to help people's livelihoods

추경 예산 어떻게 쓰이나
As we mentioned, the nearly 10 billion U.S. billion dollar budget supplement was drawn-up to give a boost to the nation's sluggish economy.
The swift approval of the extra budget had been deemed crucial amid faltering exports and slowing domestic demand.
Budget supplement sliced and diced: here's Ji Myung-kil.
The extra spending plan worth 9-point-8 billion U.S. dollars will be executed over the next four months aimed at boosting economic growth by 0-point-2 percentage points and creating 27-thousand new jobs.
The government hopes the supplementary budget will help solve bread and butter issues that directly affect people's livelihoods.
If we take a look in detail...
The extra budget proposal includes funds for restructuring efforts in the ailing shipbuilding sector,... job creation and stabilizing people's livelihoods.
There are also funds allocated for rejuvenating regional economies, bolstering local government budgets and fiscal debt repayment plans.

The final version of the extra budget bill placed a hike in the school facility improvement funds and a cut in foreign exchange bonds and state-run bank investments, marking an overall drop of 94 million dollars.

The government plans to start using the extra funds before the Chuseok, or Korean Thanksgiving holiday which begins on September 14.
Ji Myung-kil, Arirang News.


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