The People Power Party, serving as the primary opposition, has formally challenged President Lee Jae Myung following his recent address to the National Assembly. During the session held on Monday, the President requested legislative backing for a 2027 budget proposal totaling 820.9 trillion won, equivalent to approximately 611.3 billion dollars. A central point of contention involves the President's assertion that the net rise in national debt remains effectively negligible, even as his administration proceeds with the issuance of new sovereign bonds. Opposition lawmakers have dismissed these claims, alleging that the President is intentionally obscuring facts and failing to address significant fiscal challenges facing the country. The disagreement highlights ongoing tensions regarding the government's economic management and transparency in public spending.
Source : The Korea Herald
Photo : The Korea Herald
