Jeong Jeomsik: "Active Cooperation if Budget Is Allocated Fairly"... Park Honggeun: "Reflecting National Assembly Opinions"

Jeong Jeomsik: "Concern Over Budget Allocation Based on Political Interests... Support for Vulnerable Groups Should Be Expanded"

Park Honggeun: "Gathering National Assembly Opinions From the Budget Planning Stage... Pursuing the Largest-Ever Restructuring of Expenditures"

Jeong Jeom-sik, floor leader of the People Power Party, told Minister of Planning and Budget Park Hong-geun on June 22, "If next year's budget is allocated fairly, we will actively cooperate during the National Assembly's review process."

During their meeting in the floor leader's office at the National Assembly, Jeong said, "What we are concerned about is the possibility of the budget being allocated based on particular political factions or interests," adding, "If next year's budget is allocated fairly and appropriately, we will actively cooperate during the National Assembly's review process."

He went on to emphasize, "As the public is suffering from high inflation and high interest rates, I hope we can boldly cut unnecessary or non-urgent budget items and expand support for low-income and socially vulnerable groups so that we can move forward as a society together."

However, Jeong also noted, "I do not believe that all public opinion is positive," adding, "Although there have been demands for a shift in state affairs, there are also voices expressing disappointment after seeing the recent presidential appointments."

In response, Minister Park said, "I have been considering ways to reflect the views of the National Assembly in the budget from the very beginning of the allocation process, including incorporating next year's key investment directions and projects," adding, "Regardless of party affiliation, it is important to listen to the opinions of the National Assembly and reflect them in budget planning."

He further stated, "To ensure that the results of the final accounts are properly reflected in the following year's budget, the government is working to improve the system, such as submitting the final accounts to the National Assembly earlier, by the end of May," adding, "We also plan to boldly restructure inefficient projects to secure resources."

Minister Park added, "There can be no divide between ruling and opposition parties when it comes to boosting the potential growth rate and building a robust social safety net."

This content was produced with the assistance of AI translation services.