National Assembly passes 512.3tr won budget bill
The National Assembly on Tuesday passed next year's budget bill, worth 512.3 trillion won ($ 429.9 billion), after fierce partisan strife.
The government had proposed a 2020 budget worth 513.5 trillion won, but the ruling Democratic Party put forward the revision bill after consultations with four minor opposition parties.
 |
This photo, taken on Aug. 2, 2019, shows the National Assembly in Seoul holding a plenary meeting to vote on an extra budget bill.(Yonhap) |
The national budget for 2020 would increase 9.1 percent from this year.
The main opposition Liberty Korea Party presented its own revision bill worth 499.2 trillion won at the eleventh hour, but Speaker Moon Hee-sang dismissed it.
The National Assembly already missed the Dec. 2 deadline to pass the budget bill due to prolonged political strife.(Yonhap)
MOST POPULAR
-
S. Korea ups coronavirus alert, 4th case confirmed -
S. Korea reports 3rd confirmed case of Wuhan coronavirus -
Korean firms evacuate staff, suspend biz trips after Wuhan coronavirus outbreak -
Doctors’ group asks government to review restricting visits from China -
Top court upholds divorce of Samsung chairman's eldest daughter -
S. Korea on high alert to prevent spread of Wuhan coronavirus -
More South Koreans feel holiday is now more gender equal: poll -
China counts 2,700 cases of new virus, 80 deaths
LATEST NEWS
-
>Military doctors, nurses, soldiers to be mobilized for coronavirus quarantine efforts
-
>S.M. Entertainment chief producer makes Billboard's '2020 Impact List'
-
>S. Korea considering sending chartered flight to evacuate citizens from Wuhan
-
>Samsung SDS’ brand value reaches W4.3tr
-
>[Graphic News] Mobile game sales in S. Korea surpass W4.2tr in 2019
-
>Samsung heir visits Brazil with mobile, TV heads
-
>Local 5G equipment providers expected to see growth continue
-
>Naver’s webcomic unit ramps up service worldwide
-
>[Editorial] Due burden
-
>[Borge Brende] Cooperation in unsettled world