Deputy Prime Minister Choi expressed concern at a press conference accompanying the G20 Finance Ministers' Meeting held in Washington DC on the 25th (local time) that there was political uncertainty surrounding Han's candidacy.
When asked if he was concerned about the expansion of the political uncertainty surrounding the country's credibility, he replied, "I hope that the political uncertainty will decrease in terms of foreign credibility."
However, Deputy Prime Minister Choi said that he would not tolerate a repeat of the situation in which a "deputy for the deputy" was running the national government.
When asked if he appreciated the plan, he declined to comment. He left open the possibility of increasing the additional management budget by saying he would be flexible.
"We need to find more projects that can help with short-term challenges in both domestic demand and exports and include them in the target group," he said.
In response to a question about the size of the increase, Deputy Prime Minister Choi said, "Rather than deciding on the size, the content and effectiveness of the project are more important," and "We will provide support that is in line with the original principle of providing support to vulnerable areas in an emergency."
The government will inject 4.1 trillion won of available funds, including fund funds, into the additional funding, and raise the remaining 8.1 trillion won through the issuance of government bonds.
Regarding the financial situation and future plans to increase tax revenue, Deputy Prime Minister Choi said, "The Yoon Seok-yeol administration has changed the debt-dependent structure and has gone through the process of re-establishing the roles of the private sector and the government.
"It takes time to see results, but it's unfortunate that the government is being replaced without any results," he said. "Considering the tax burden rate and other factors, there is plenty of room to raise tax rates.
"I don't think it's necessary," he said, emphasizing, "We need to increase income and expand tax sources, but using public finances for this purpose is not the right way to go about it."
He recently diagnosed that there are downside risks to the Korean economy.
However, we are facing a very difficult situation due to structural trends that are reducing growth potential, as well as natural disasters and political turmoil. We will look for areas where we can provide policy support to help the vulnerable classes endure difficult times.
We will respond accordingly."
2025/04/27 13:40 KST
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