News Briefing
Supplementary budget worth 14 trillion won proposed for microbusinesses and prolonged quarantine
Feb 2022
The Korean government has drawn up a supplementary budget of 14 trillion won to support struggling small business owners and prolonged quarantine measures. The supplementary budget is based on a 2021 revenue surplus of about 10 trillion won, driven by rapid recovery in the overall economy including trade, capital gains, consumption and employment.
The government plans to finance the 2022 supplementary budget by issuing Korea Treasury bonds worth 11.3 trillion won and making use of a surplus of 2.7 trillion won of the Public Capital Management Fund.
The government plans to finance the 2022 supplementary budget by issuing Korea Treasury bonds worth 11.3 trillion won and making use of a surplus of 2.7 trillion won of the Public Capital Management Fund.
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