President Lee says it's time..
Written : 2025-06-19 17:00:00 KST
President Lee says it's time for gov't to spend; supplementary bill draft comes with 20.2 trillion KRW spending
The Lee Jae-myung administration is looking to loosen the government's purse strings to breathe fresh life into the local economy. Accordingly an extra budget plan has been hammered out and will soon be sent to the National Assembly. Our correspondent Kim Do-yeon reports.
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supplementary bill draft 추가 법안 초안
KRW Korean Won; 원((한국 화폐 단위))
look to do ~하는 것을 고려하다/생각하다; ~하려고 하다[애쓰다]
purse strings 돈줄, 경제권
Accordingly 그에 따라서, 그에 맞춰, 그런 이유로, 그래서
hammer out 머리를 짜서 생각해 내다
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The second round of a supplementary budget bill this year, the first of its kind under Lee Jae Myung's presidency, has been drafted and is set to go to the National Assembly next week. President Lee, presiding over a Cabinet meeting on Thursday, took a final look. The size of this supplementary budget is 30.5 trillion Korean won, or a bit more than 22 billion U.S. dollars. 15.2 trillion of that will be going into boosting the economy through stimulus. 5 trillion will be going to stabilizing people's livelihoods.
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supplementary budget bill 추가경정예산안
the first of its kind 그런 유형으로는 최초
presidency 대통령 직[임기]
take a final look 최종적으로 확인하다
livelihood 생계 (수단), (=living)
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10.3 will be for revenue adjustment, for the nation's fiscal situation. This means, 20.2 trillion will be for direct spending by the government with 19.8 trillion being debt. Going into the details 15.2 trillion for economic stimulus will consist of 10.3 trillion of that being cash relief to everyone, in a different form of the recipient's choosing. 1 trillion will go into boosting discounts and other needed aspects. 2.7 trillion will go into support for the construction sector as it's currently one of the hardest hit industries with close links to the employment of working-class citizens.
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revenue (정부·기관의) 수익[수입/세입]
adjustment (약간의) 수정[조정]
fiscal situation 재정상황
economic stimulus 경기 부양
cash relief 현금 지원
boosting discounts 할인 확대
the employment of working-class citizens 노동자 계층 시민들의 고용
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President Lee has been pushing for cash relief to everyone for some time now, since his lawmaker days. The conservative government had been saying a universal payout is not right due to the financial pressure on the nation's fiscal status, and selective support is better. This draft did go with a universal payout but for those who need it, the more they will receive. The top 10-percent, approximately 5.12 million people, will receive a one-time payment of 150,000 Korean won, or around a 100 U.S. dollars.
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lawmaker days 국회의원 시절
universal payout 보편적 지불[지출](금)
one-time payment 한 번만의 지불
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And the biggest group of citizens of around 43 million people will receive the first payment of 150,000 Korean won, but will get an additional 100,000 in the second round. The lower levels will receive more in first-time payments, with the social welfare recipients later getting 500,000 in total As for stabilizing livelihoods, money will be spent on debt relief for small businesses as well as boosting employment and taming inflation.
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the social welfare recipient 사회복지 수혜자
taming inflation 인플레이션 억제; tame 다스리다
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Now, the ball is in the National Assembly's court with the government's draft being transferred on the 23rd. Lawmakers will be reviewing the bill, but with the ruling Democratic Party holding the majority on the floor, the bill won't face many obstacles. Kim Do-yeon, Arirang News.
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the ball is in your/somebody's |court ~에게로 공이 넘어가다[~가 일을 처리해야 할 차례가 되다]
the ball is in the National Assembly's court 국회가 일을 처리해야할 차례이다
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영어 원문 출처 및 동영상 링크;
arirang news/Nat'l/Politics
https://m.arirang.com/news/view?id=284506
