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(LEAD) Moon urges opposition parties to approve extra budget

All News 11:45 July 11, 2017

(ATTN: UPDATES with additional remarks, more details, background in paras 9-15; ADDS photo)

SEOUL, July 11 (Yonhap) -- President Moon Jae-in again urged the opposition parties Tuesday to approve the government's request for an extra budget, calling it an urgent issue imperative to the economic recovery.

"At the Group of 20 summit, all international organizations, including the Organization for Economic Cooperation and Development, diagnosed the global economy as being in a recovery phase," the president said in a Cabinet meeting, according to pool reports.

Moon returned home Monday after his five-day trip to Germany where he attended the annual G-20 summit.

"However, each country must still do their utmost to continue this upward economic trend because, internationally, there remain many uncertainties, such as protectionism," he said.

"I believe our supplementary budget is in perfect accordance with such efforts," he added.

The new government has submitted a bill for a 11.2 trillion-won (US$9.75 billion) extra budget, but the opposition-led parliament has so far failed to act on the government request.

The president earlier insisted the additional spending will help accelerate the country's economic recovery and growth.

"It will be the strength for our economy to escape the (low) growth rate in the 2 percent range," Moon told the Cabinet.

President Moon Jae-in (2nd from R) shakes hands with Culture Minister Do Jong-hwan before the start of a weekly Cabinet meeting at his office, Cheong Wa Dae, in Seoul on July 11, 2017. (Yonhap)

He also urged the National Assembly to quickly approve a proposed reorganization of the government that seeks to establish a new government office for trade negotiations.

"Government reorganization is necessary to implement the new administration's policy initiatives but setting up a trade negotiations office is also an urgent issue, while the United States is calling for a revision of the (Korea-U.S.) FTA," the president said.

The two bills on extra budget and government restructuring have largely been blocked due to a boycott by the opposition parties sparked by their objections to some of the president's nominees for new ministers.

"It is very deplorable that the opposition parties are linking extra budget and government reorganization to personnel or other political issues," the president said.

Still, President Moon has agreed to delay his appointment of the two most disputed minister nominees -- Defense Minister nominee Song Young-moo and Labor Minister nominee Cho Dae-yop -- after his ruling Democratic Party cited a need for more time to win the opposition's support for the extra budget, as well as the minister designates.

The ruling party currently controls 120 seats in the 300-seat parliament, the largest number for any single political party but still short of a majority.

The main opposition Liberty Korea Party has 107 seats with three other opposition parties controlling 66 parliamentary seats.


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