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Gov't Plans Cash Aid for 35.8 Mil. People to Cushion Oil Price Shock
4 Articles
4 Articles
Gov't plans cash aid for 35.8 mil. people to cushion oil price shock
The Lee Jae Myung administration plans to distribute cash assistance ranging from 100,000 won ($65) to 600,000 won per person to about 35.8 million people, covering the bottom 70 percent of income earners, in a bid to help offset the strain from elevated oil prices linked to the Middle East conflict, according to the budget ministry Tuesday. The measure, which will require 4.8 trillion won, is part of a 26.2 trillion won supplementary budget pla…
Livelihood support funds for 70% of the population... 100,000 to 600,000 won in local currency; 26.2 trillion won war supplementary budget due to Middle East shock; K-Pass refund rate also temporarily raised by up to 30 percentage points for 6 months; The largest project in the government's 26.2 trillion won supplementary budget for the Middle East war is the three major packages to alleviate the burden of high oil prices.
[Digital Daily Reporter Kim Nam-gyu] Rep. Ahn Cheol-soo criticized the Lee Jae-myung administration's method of distributing livelihood support funds, stating, "An explanation is needed regarding citizens who bear the majority of the tax burden but are excluded from the support." In a post on Facebook, Rep. Ahn took issue with the government's decision to limit eligibility to the bottom 70% of income earners, despite deciding to spend 4.8 trill…
To alleviate the burden on the working class caused by high oil prices and inflation, oil price damage relief funds of 100,000 to 600,000 won per person will be provided to citizens in the bottom 70% income bracket. While the government formulated a supplementary budget of 26.2 trillion won to overcome the Middle East war crisis, oil prices
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