President Lee Jae-myung. /Courtesy of News1

President Lee Jae-myung chaired the State Council meeting on the 5th and reviewed and passed the supplementary budget plan of 31.8 trillion won.

On the same day, Spokesperson Kang Yoo-jeong held a briefing at the Yongsan presidential office and noted, "President Lee chaired the State Council meeting to review and pass the supplementary budget plan today."

Spokesperson Kang said, "Nine bills related to the supplementary budget were reviewed and passed, and a plan for the execution of consumption coupons for recovery of livelihoods was reported to the Ministry of the Interior and Safety."

Spokesperson Kang noted, "In his opening remarks, President Lee stated that the first supplementary budget of the new government was urgently prepared in consideration of the very difficult economic situation for the people, and he urged relevant ministries to do their best to ensure it can be executed as quickly as possible to serve as a catalyst for the people's lives." She added, "He instructed that all relevant ministries, including the Ministry of Labor, must fulfill their roles to prevent industrial accidents and prepare a comprehensive report on the current measures and legislative responses to be presented at the State Council meeting."

She also said, "In addition to reports from external agencies and major public enterprises, subordinate agencies should also report."

Earlier, the National Assembly held a plenary session on the 4th and processed the supplementary budget plan, which was approximately 1.3 trillion won more than the government's proposal, totaling 31.7914 trillion won.

The supplementary budget plan includes a budget for consumption coupons amounting to 12.1709 trillion won.

Depending on their income, residents of the metropolitan area will receive consumption coupons worth 150,000 to 500,000 won, non-metropolitan residents will receive 180,000 to 530,000 won, and residents of population-declining areas (rural areas) will receive 200,000 to 550,000 won.

The government plans to promptly execute the confirmed budget to urgently respond to economic issues such as stagnation in domestic demand due to the impact of the Dec. 3 martial law and the expansion of global trade risks.

For the consumption coupons aimed at boosting domestic demand, the first payment will be completed for all citizens within this month, and an additional 100,000 won will be provided to the bottom 90% of the population within two months.

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