PM draws Cabinet's attention to emergency economic plans
- 관리자
- 2009.04.02
- Hit 3354
"We should move forward with the conviction that we will surmount this crisis and march into the group of advanced economies as well. The Cabinet and government officials should take the lead in such efforts," Han said to the Cabinet meeting that took place at the Central Government Complex in Seoul.
"Korea's early recovery is not just my own observation, many other leaders and prominent experts worldwide see it too," Han said.
Han emphasized that the government's actions regarding the economic slowdown are being driven forward through two pillars – an unprecedented extra disbursement of government funds and a temporary deregulation plan.
The extra budget that amounts to 29 trillion won will work as a catalyst for the struggling economy to recover, along with the government's early spending of its originally planned budget, Prime Minister Han said.
"International credit rating agency Moody's has also evaluated Korea's extra budgetary spending as appropriate and expects that such action will mitigate the country's economic slowdown," Han said.
He went on to say that the temporary deregulation plan, which will last for two years, is the first in the world to be pushed through, and is expected to reinvigorate investment from the private sector.
Han called the special session of the National Assembly in April a critical opportunity to specify crisis management plans and drum up support from lawmakers. He hoped the session would be as productive as the 64-article joint statement adopted by the government, labor, management and civil society in late February.
Han urged each ministry to pay extra heed to the passage of laws related to the extra budget at the April session. He also called for Cabinet members to closely cooperate with the ruling party and earn support from the opposition party as well, in order for the emergency economic measures to be passed with ease.
By James Ro
Korea.net Staff Writer