South Korea lawmaker says second extra budget will be about 36 trln won

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A South Korean lawmaker leading parliamentary discussion of the country's second extra budget of this year said on Tuesday around 36 trillion won ...

A South Korean lawmaker leading parliamentary discussion of the country's second extra budget of this year said on Tuesday around 36 trillion won of supplementary spending is on the way to aid businesses hit by the pandemic.

FILE PHOTO: A South Korea won note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/IllustrationSEOUL: A South Korean lawmaker leading parliamentary discussion of the country's second extra budget of this year said on Tuesday around 36 trillion won of supplementary spending is on the way to aid businesses hit by the pandemic.

Park Won-joo, a ruling Democratic Party lawmaker, said excess tax revenue of 33 trillion won will mainly be used to finance the extra budget.

 

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