The third largest supplementary landscape ever
If you add a few additional extras, the debt may exceed 1,000 trillion won.
Deputy Prime Minister Hong Nam-ki expresses concern over financial soundness
[앵커]
In response to the damage support and deterioration of employment due to the prolonged Corona 19, an additional budget of 15 trillion won was organized.
Deputy Prime Minister Hong Nam-ki said that although the national debt ratio is lower than the OECD average at an absolute level, he feared that the pace of debt growth would not provide peace of mind.
Reporter Oh In-seok on the report.
[기자]
Of the 19,500 billion won raised by the government to support the damage accumulated due to the prolonged Corona 19, 15 trillion won will be covered by an additional budget.
It is the third largest in history, following the third supplement of 23.7 trillion won in response to Corona 19 last year, and 17.2 trillion won during the global financial crisis in 2009.
Of the additional financial resources, 9 trillion 9 trillion won is raised by issuance of government bonds, and the rest is financed by world surplus and funding.
Unlike last year’s 2nd and 3rd supplementary administrations, there is no expenditure restructuring this time.
The government’s judgment is that there is little room for this year’s budget for urgent content such as economic recovery and New Deal.
[홍남기 / 부총리 겸 기획재정부 장관 : 국민 세금이 적재적소에 가장 효율적으로 아껴 쓰여 지도록 하면서 늘 국민 곁에서 든든한 디딤돌과 버팀목이 되어 드리도록 노력해 나가겠습니다.]
With the issuance of nearly 10 trillion government bonds, the national debt will increase to 965 trillion and the ratio of national debt to GDP will increase to 48.2%.
The national debt may exceed KRW 1,000 trillion by the end of the year if the national disaster support payments become a reality and several additional budgets are organized on a similar scale to last year.
The scale of the integrated fiscal deficit also increased to 89 trillion won.
Deputy Prime Minister Hong Nam-ki expressed concern over fiscal soundness.
He said that the absolute level of the national debt ratio is still lower than the average of the OECD countries, but the pace of debt growth is in no way safe.
At the current pace, he predicted that it would take only 2-3 years for the national debt ratio to reach the 40% level to the 50% level.
In addition, it is important to manage foreign credibility in non-key currency countries such as Korea. It should also be noted that the debt ratio of non-key currency countries exceeds 100%, but the debt ratio of non-key currencies does not exceed 50% among OECD countries. Added.
YTN Inseok Oh[[email protected]]is.
[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]
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