- The government submitted the second supplementary budget proposal and 18 revised fund management plans (hereafter, the sup. budget proposal) to ① provide just and full compensation of losses incurred during the pandemic to small business owners, ② ensure proper pandemic control and support the incorporation of COVID-19 treatment into the general healthcare system, and ③ work to stabilize people’s livelihood and to deal with challenges such as rising oil prices, inflation, and natural disasters.
- The sup. budget proposal increases appropriations by 59.4 trillion Korean won, using 44.3 trillion won of excess tax revenues, 8.1 trillion won of budget surpluses and public fund reserves, and 7.0 trillion won financed through expenditure restructuring.