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(LEAD) President to meet ruling, opposition party lawmakers over supplementary budget

All News 09:26 June 13, 2017

(ATTN: RECASTS 4th para to verify only the ruling and opposition secretaries on the special parliamentary committee on budget have been invited to the luncheon, along with chairs of all parliamentary committees; UPDATES with minor changes in paras 5-8)

SEOUL, June 13 (Yonhap) -- President Moon Jae-in was set to hold a meeting with ruling and opposition party leaders of parliamentary committees Tuesday in the latest attempt to rally support for a supplementary budget currently opposed by the main opposition party.

The meeting will be held over lunch at the presidential office Cheong Wa Dae, according to officials there.

It is expected to involve chairs of all major committees, including the special committee on budget and audit, they said.

As the president seeks to rally support for the extra budget, ruling and opposition secretaries of the budget committee have also been invited to the luncheon, they added.

Whether opposition party leaders would attend remained to be seen.

The main opposition Liberty Korea Party (LKP) has declared a boycott of the meeting, saying it will not be used in a show to make only one person look good.

Tuesday's meeting comes one day after the president delivered his first state of the nation address at the National Assembly.

(LEAD) President to meet ruling, opposition party lawmakers over supplementary budget - 1

Main opposition party lawmakers were present, but nearly none showed support for what Moon had to say. Most also remained seated as the president exited the premise, while most ruling and minor opposition party lawmakers stood in respect.

The government has submitted a request for an 11.2 trillion-won (US$9.89 billion) supplementary budget, which the president said will help create 110,000 new jobs.

The LKP insists devising a supplementary budget based on a need to create new jobs violates the National Finance Act, which stipulates an extra budget can be drawn up only in cases of war, massive natural disasters, economic recessions, mass unemployment or crucial changes in cross-border relations.

Moon, while addressing the nation Monday, argued current conditions in the job market represented a crisis that will lead to a nationwide disaster if left untouched.

Over the past nine years while the LKP served as a ruling party, the party and its two former conservative governments had devised an extra budget each year, often simply citing a need to increase spending to keep the economy from deteriorating.


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