The first supplementary budget proposal of the Lee Jae-myung administration passed the Special Committee on Budget & Accounts on the 4th. The size of the supplementary budget increased from the government's proposal of 30.5 trillion won to 31.8 trillion won.
On the same day, the Special Committee on Budget & Accounts held a general meeting in the National Assembly and processed the supplementary budget plan led by the Democratic Party of Korea, which included budget allocations for the livelihood recovery consumption coupon project. Members of the People Power Party protested against the unilateral processing by the ruling party and walked out.
The supplementary budget was increased after going through reviews by the National Assembly's standing committee and the Special Committee on Budget & Accounts. This was influenced by the inclusion of increases in national subsidies for the livelihood recovery consumption coupon and financial support for non-capital areas and regions with population decline. Special operation expenses for the presidential office, prosecution, and Board of Audit and Inspection also increased by 10.5 billion won. It is reported that 4.1 billion won of the budget for the presidential office's special operation expenses was included.
Members of the People Power Party also protested against the budget allocations assigned by the Democratic Party of Korea for the constituencies. The secretaries for the Special Committee on Budget & Accounts of both parties attempted to negotiate final adjustments through small meetings until the day before, but ultimately failed to reach an agreement.
People Power Party member Cho Jung-hun said, "They have cut the basic pension by more than 300 billion won, slashed all budgets related to North Korean human rights, and allocated over 100 billion won to the Gwangju highway. It seems that the issuance of government bonds due to the supplementary budget will reach 24 trillion won; is it possible to borrow money to put the constituencies' budgets of Democratic Party members in?"
The Special Committee on Budget & Accounts will soon hold a general meeting to vote on the supplementary budget plan. The National Assembly will hold a plenary session in the afternoon to process the supplementary budget plan.