South Korea, Budget

South Korea, Budget

S Korea parliament approves 34.9 trln won extra budget

S Korea parliament approves 34.9 trln won extra budget

24/7/2021 1:32:00 AM

S Korea parliament approves 34.9 trln won extra budget

South Korea 's parliament on Saturday approved a 34.9 trillion won (US$30.31 billion) supplementary budget to offer pandemic relief to households, ...

BusinessSouth Korea's parliament on Saturday approved a 34.9 trillion won (US$30.31 billion) supplementary budget to offer pandemic relief to households, aid small businesses and create jobs, the finance ministry said in a statement.FILE PHOTO: Day workers cross a road as they gather to seek for a job amid the coronavirus disease (COVID-19) pandemic, in the early morning near a day labour agency in Seoul, South Korea, September 17, 2020. REUTERS/Kim Hong-Ji

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24 Jul 2021 06:05AMShare this contentBookmarkSEOUL: South Korea's parliament on Saturday approved a 34.9 trillion won (US$30.31 billion) supplementary budget to offer pandemic relief to households, aid small businesses and create jobs, the finance ministry said in a statement.

The supplementary budget, which was slightly increased from the 33 trillion won previously expected, is South Korea's largest on record for extra spending outside its annual budget.AdvertisementAdvertisementIt is also the second supplementary budget this year after parliament had approved a 14.9 trillion won supplementary budget earlier in March. headtopics.com

More than 80per cent of the population will be able to receive a 250,000 won cash handout, while small businesses will receive relief packages.(US$1=1,151.5200 won)(Reporting by Cynthia Kim, Joyce Lee; Editing by Chris Reese) Read more: CNA »

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