30.June.2021: Next extra budget will be 33 trillion won

K-News Bulletin

English - June 29, 2021 23:00 - 3 minutes - 2.16 MB
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The government and ruling party agreed on a 33-trillion-won ($29 billion) supplementary budget, the sixth since the start of the pandemic and second this year, but the Democratic Party failed to get relief grants for all.

Emergency relief grants will be given to all households except those in the top 20 percent income bracket.

Including the emergency grants, nearly half of the supplementary budget -- or between 15 and 16 trillion won -- will be Covid-19-related stimulative spending. That includes a one-time subsidy of 100,000 won for roughly 3 million low-income households and struggling single parents.

Full Article: https://koreajoongangdaily.joins.com/2021/06/29/business/economy/supplementary-budget-emergency-relief-grant-Covid19/20210629153100348.html