Three political parties to vote on US$ 9.8 bil. budget supplement next Tuesday

Three political parties to vote on US$ 9.8 bil. budget supplement next Tuesday


Breaking a weeks-long impasse, the country’s
three main political parties finally agreed to vote next Tuesday on a proposed budget
supplement worth more than 9 billion U.S. dollars. Our parliamentary correspondent Park Ji-won
has more details. Korea’s three main political parties have
agreed to start deliberating on a multi-billion dollar budget plan from Friday,… so that
it can earn parliamentary approval next Tuesday. The agreement comes after the opposition bloc,
decided the passage of the supplement was too urgent to hold up. The floor leader of the ruling Saenuri Party
said… he will use this agreement as an opportunity to make all out efforts to better cooperate
with the opposition parties . But the three parties also agreed to continue
discussions on a witness list for an upcoming hearing on the restructuring of the nation’s
ailing shipbuilding industry, which constitutes a big part of the budget supplement. “We agreed to hold a hearing on September
8 and 9 on the restructuring of the shipbuilding industry by forming a joint committee with
members from the Strategy and Finance Committee and the National Policy Committee.” The main opposition Minjoo Party of Korea
and the ruling Saenuri Party had been stuck in a deadlock over the witness list in question,
as the former was firmly against approving the extra budget bill unless the ruling party
agreed to call to the hearing stand three chief economic policymakers, …a demand the
Saenuri party refused to comply. The minor opposition People’s Party said the
bipartisan stalemate finally ended after it suggested putting the budget supplement on
top of the agenda, as well as shortening the witness list for the hearing. “The People’s Party suggested to allocate
the extra budget in the first place. It was our party who first made a concession
to the ruling party.” Park Ji-won, Arirang News.

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