The ruling and opposition parties have reached an agreement on a W62 trillion supplementary budget.
News

The ruling and opposition parties have reached an agreement on a W62 trillion supplementary budget.

According to a governing party official, the government and opposition parties agreed on a 62 trillion won ($49.4 billion) supplementary budget on Sunday, focused mostly at assisting pandemic-affected small merchants and others.

The governing People Power Party’s floor leader, Kweon Sung-dong, said he and his Democratic Party counterpart, Park Hong-geun, had achieved an agreement to deal with the supplementary budget measure at a parliamentary plenary session scheduled to begin at 7:30 p.m.

The competing parties have been at odds over the contents of the government’s projected 59.4 trillion won supplementary budget.

The size of the proposed budget was raised as the two parties agreed to increase financial support for pandemic-hit businesses. (Yonhap)

Related posts:

  1. UAE aims to increase size of economy from AED1.4 trillion to AED3 trillion by 2030: Abdullah Al MarriUAE aims to increase size of economy from AED1. 4 trillion to AED3 trillion by 2030: Abdullah Al Marri SHARJAH, 24th February, 2022 – Abdullah...
  2. Budget 2022 Live Updates: Oppn slams it as ‘Pegasus spin budget’, ‘zero-sum budget’; PM hails it as ‘people-friendly’That’s obviously on the behest of very rich people of the country. Instead of RBI, FM has virtually announced that Cryptocurrency is legal from today....
  3. Supplementary Budget: President Buhari seeks additional N2.557trn for fuel subsidyPresident Muhammadu Buhari has requested for amendment to the 2022 Appropriation Bill passed last December by the National Assembly, proposing additional N2. 557trillion as fund...
  4. Opposition parties warn that country’s water infrastructure in danger of collapseOpposition parties have warned that the country’s water supply infrastructure is in danger of collapse. Speaking during the budget vote of the Department of Water...
  5. Opposition parties criticize Rishi Sunak’s “failure of leadership” as new Prime Minister shuns Cop27Yesterday, Rishi Sunak was accused of a “leadership failure” on his decision to skip the Cop27 climate summit in Egypt next month. The Prime Minister...
  6. Opposition parties breathe a sigh of relief as Siyonzana is removed from office»Opposition parties breathe a sigh of relief as Siyonzana is removed from office« Their prayers have been answered following a lengthy campaign by the opposition...
  7. Reno Omokri Defends President Tinubu’s Policies, Highlights Potential Consensus with Opposition Parties…By Dorcas Funmi for TDPel Media. Former Presidential aide Reno Omokri has expressed his opinion that if the Peoples Democratic Party (PDP) or the Labour...
  8. Former Zamfara Governor Abdulaziz Yari Emerges as Contender for Senate Presidency, Seeks Support from Opposition Parties…By Dorcas Funmi for TDPel Media. Former Zamfara State Governor, Abdulaziz Yari, has held a meeting with the National Working Committee (NWC) of the New...
  9. Femi Fani-Kayode Criticizes Opposition Parties for Lack of Intelligence and Respect…By Dorcas Funmi for TDPel Media. Femi Fani-Kayode Criticizes Opposition Parties for Lack of Intelligence and Respect Femi Fani-Kayode, a prominent figure within the All...
  10. Kenya’s ruling party backs opposition leader Odinga for presidencyKenya’s ruling Jubilee party endorsed veteran opposition leader Raila Odinga in a presidential election scheduled for August, in a pointed rejection of Deputy President William...