1President Lee vowed to prevent local govts from bearing extra budget burdens.
2The central government will provide more support using its fiscal capacity.
3Local welfare projects and economic revitalization will proceed without a hitch.
📖 Easy Explanation
🔍 Background
The government is preparing a 'supplementary budget' to revive the economy. However, concerns arose that local governments might have to shoulder more financial burdens in the process.
📌 Key Points
President Lee emphasized that local governments shouldn't be burdened, as the national budget has room. He promised sufficient central support to avoid straining local finances.
💡 Why It Matters
Local projects like welfare facilities and road maintenance can run smoothly without budget shortages. Saved local funds will return as benefits for residents.
📚 Glossary
추경 (Chugyeong)A supplementary budget formed for unavoidable reasons outside the regular budget.
재정여력 (Jaejeong-yeoryeok)The fiscal capacity of the government to spend additional budget or pay off debt.