The special committee on budgets and accounts holds a session to review a supplementary budget plan at the National Assembly in Seoul on July 1, 2025. (Image courtesy of Yonhap)
SEOUL, July 4 (Korea Bizwire) — A parliamentary subcommittee passed an extra budget bill worth 31.8 trillion won (US$23.3 billion), lawmakers said Friday, with the ruling Democratic Party (DP) vowing to unilaterally pass the bill at the National Assembly’s plenary session later in the day.
Lawmakers of the main opposition People Power Party (PPP) walked out of the subcommittee meeting as the DP railroaded the extra budget bill.
The latest extra budget was raised by 1.3 trillion won from the 30.5 trillion won budget initially proposed by the government.
The budget proposal will be put to a vote at a plenary session later in the day.
The rival parties had been in last-minute talks over contentious issues of the planned extra budget, including whether to give cash handouts to all citizens, but they failed to narrow differences, Rep. Moon Jin-seok of the DP told reporters earlier in the day.
Moon said the DP, which holds a majority at the National Assembly, will push the bill through regardless of whether PPP lawmakers attend the session.
The DP has been seeking to pass the extra budget bill by Friday before the current special parliamentary session ends.
(Yonhap)
