Politics · Planned · 5 sources combined
President Lee Jae-myung's Policy Address
Record 821 Trillion Won Budget
In short
President Lee Jae-myung will personally explain next year's budget proposal at the National Assembly on November 2.
The budget scale is 820.9 trillion won, the largest in history.
A dispute between ruling and opposition parties is expected over the new 162.3 trillion won Future Response Fund.
Key facts
| When | The policy address will be held at the National Assembly plenary session on November 2. |
|---|---|
| Who | President Lee will deliver his fourth speech since taking office. |
| What | He will explain the budget proposal of 820.9 trillion won in total expenditure, a 12.8% increase from this year. |
| How | He will urge expansion of investments in youth, local communities, and education, including the establishment of a new 162.3 trillion won Future Response Fund. |
What it means for me
Increased government spending may expand support programs for housing, jobs, and consumer finance for low-income households.
Increased job-related budget may expand employment support benefits.
Expanded consumer finance support may help ease living cost burdens.
