Skip to Content

Friday, January 28th, 2022

Lee calls for bigger extra budget to support small merchants

Closed
by January 14, 2022 Key Issues

SEOUL– Ruling party presidential candidate Lee Jae-myung on Friday showed his discontent over the government’s plan to draw up a supplementary budget of 14 trillion won (US$11.8 billion) for helping small merchants, saying the extra budget should be bigger.

“The finance ministry today announced it would draw up an additional supplementary budget to support small merchants, but its size is small again,” Lee told reporters during his campaign event.

Lee of the Democratic Party (DP) previously called for a 25-30 trillion won extra budget.

“I do not know whether spending money in dribs and drabs would work,” he added.

The former Gyeonggi governor said he hopes the size of the extra budget can be expanded following consultations between ruling and opposition parties.

“Increasing the budget is possible if ruling and opposition parties come to an agreement and the government consents to it,” he said. “The opposition bloc has a tendency of holding one’s back from behind, while talking about support in the front, but I hope that is not the case this time.”

Lee later added in a Facebook post that if the government disagrees with the proposal of expanding the supplementary budget, he would push for it after the March 9 presidential election.

Meanwhile, Yoon Suk-yeol, the presidential candidate of the main opposition People Power Party (PPP), said his party will cooperate on the government’s extra budget scheme.

“The DP and the PPP should immediately hold negotiations on the extra budget and come up with a solution that can properly compensate damages of the self-employed and small merchants,” Yoon told reporters after his campaign event in Changwon, South Gyeongsang Province.

Asked whether the government’s 14 trillion won extra budget is enough, Yoon also stressed that it should be bigger.

“Giving 3 million won each to self-employed people does not make sense,” he said.

Yoon previously said he would spend 50 trillion won to support pandemic-hit small businesses.

Source: Yonhap News Agency

Previous
Next