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Gov't to allocate 7.8 tln won for extra budgets in stimulus package: Moon

All News 11:34 September 10, 2020

SEOUL, Sept. 10 (Yonhap) -- President Moon Jae-in said Thursday his government has decided to allocate 7.8 trillion won (US$6.5 billion) in a new supplementary budget program for a "tailored" relief package to help people in urgent need amid the COVID-19 crisis.

He added that 3.8 trillion won of the budget will be used for another round of stimulus cash handouts to benefit a total of 3.77 million people.

Among them, 2.91 million small merchants and self-employed people will receive up to 2 million won each, he said while chairing the eighth emergency economic council meeting at Cheong Wa Dae.

President Moon Jae-in speaks during an emergency economic council meeting at Cheong Wa Dae in Seoul on Sept. 10, 2020. (Yonhap)

lcd@yna.co.kr
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