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First Budget for New Year Passed After President Moon Takes Office

15:29 December 06, 2017 replay time01:47

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The Blue House stated, “It came late but is a relief” regarding the budget processing by the National Assembly.

The Blue House stated that the budget for the next year would be directed toward the people’s livelihoods.

But the Blue House did not say much regarding the partial deduction of budgets related to President Moon Jae-in’s campaign pledges during the negotiation process between the ruling and opposition parties.

Reporter Go Il-hwan has more.


The Blue House welcomed the passing of the budget for the next year by the National Assembly.

Blue House Speaker Park Soo-hyun stated, “It was late, but it is a relief that the budget for next year was passed by the National Assembly.”

Park defined the budget for the next year as a budget for jobs and livelihoods.

It was past the legal deadline, but it seemed that the Blue House placed more emphasis on the passing of its first budget after the change of power.

The budget for the next year reflected most of President Moon Jae-in’s campaign pledges.

The increase of income taxes and budgets to supply funds for job stability remained intact.

The increase of taxation for high earners was one of the major campaign pledges regarding the economy.

The fund for job stability is a plan to relieve pressure on small business owners due to the increase of the minimum wage.

However, the increase of public officials that the President Moon Jae-in administration worked on the most was not passed as originally planned and there were some disappointment related to this.

President Moon promised 810,000 jobs in the public sector during his presidential campaign.

The Blue House planned to increase the number of public officials by approximately 12,000 next year to keep such a promise, but it was adjusted to 9,475 during the negotiation process with the ruling and opposition parties, which is a 20.2 percent decrease from the original figure.

A key figure at the Blue House stated, “It wasn’t passed 100 percent as the government planned,” and added, “We will do our best to use the budget for the next year to create jobs and for the people’s livelihoods.”

It was a setback compared with the original plan, but the internal evaluation is that maintaining such a scale itself holds significance.

Go Il-hwan reporting for Yonhap News TV.

Yonhap News TV: 02-398-4441 (Inquiry on article/Report) KakaoTalk/LINE jebo23

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