Article 7.6 to local governments, Article 5.3 to support small business owners and the vulnerable…

The government plans to use excess tax revenue, which is expected to reach 19 trillion won this year, to support small business owners and the vulnerable in employment, and to repay government bonds. On the 23rd, at a meeting of the Central Emergency Economy Countermeasures Headquarters chaired by Hong Nam-ki, Deputy Prime Minister and Minister of Strategy and Finance, the government came up with a plan to utilize excess tax revenue containing these details. The excess tax revenue of 19 trillion won was higher than the 314.3 trillion won in national tax revenue projected in the second supplementary budget plan in July.

Reference-www.hani.co.kr

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