Lee to deliver address seeking bipartisan support for $510 bil. budget

President Lee Jae Myung is set to deliver a policy address Tuesday on next year’s 728 trillion won ($510 billion) budget proposal, calling for bipartisan cooperation among lawmakers. According to the presidential office, Monday, Lee will use the address to outline his administration’s key priorities for next year’s budget. With the National Assembly set to begin budget deliberations Wednesday, the president plans to explain the rationale behind next year’s spending plan and urge lawmakers across party lines to engage constructively in the review process. Delivered amid political division and rising living costs, the address is seen as a key test of the president’s leadership, with a focus on curbing inflation and aiding the socially vulnerable. The Lee administration’s first full-year budget represents an 8.1 percent increase from the previous year, surpassing the 700 trillion won threshold for the first time in history. Key highlights of next year’s budget include a massive 72 trillion won investment in the government’s so-called “super-innovation economy” initiativesWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times