The government has decided to institute the 2050 Revision by the first half of next year.
Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho held an emergency meeting of economic ministers at the government complex in Seoul on the 28th and said: “We will define a financial vision capable of generating national consensus. within the first half of next year through discussions with the relevant ministries and experts ”.
“The restructuring vision is a government-wide fiscal strategy to ensure the medium and long-term sustainability of our finances, but the effect will appear in 20-30 years, so we need to start now for our old age and future of i our children, ”Deputy Prime Minister Choo said. .
“We will respond in advance to the financial risks of social insurance, such as reforming public pensions and increasing the efficiency of spending on health insurance and long-term care insurance,” he said.
In addition, it plans to establish a financial support system to respond to future risks such as climate change, permanent disasters and economic security risks and to establish a financial management system that meets global standards.
The meeting also discussed measures to stabilize the supply and demand for kimchi materials.
Deputy Prime Minister Choo said, “When the kimchi season kicks off in earnest in November, price volatility is likely to increase centered on kimchi ingredients. I will,” he said.
To this end, Chinese cabbage and radish, the main ingredients, are preparing for a sudden change in crop yield due to temperature changes, and the government accumulates 10,500 tons (tons) of red pepper, garlic, onion and salt. released intensively to promote price stability.
Various discounts are also promoted for kimjang ingredients. By investing KRW 17.1 billion in coupons for agricultural, livestock and fisheries products, it will support a discount of 20% or more on seafood such as oysters and salted fish, including kimchi vegetables and pork.
Nonghyup nationwide has decided to ease the burden on consumers by selling kimchi vegetables at a discount of up to 40% and to increase the limit and discount rate for purchasing Onnuri gift cards.
Deputy Prime Minister Chu said the consumer price inflation rate for this month is expected to be below the level he was wary of due to falling oil prices, etc.
“The government will closely monitor the supply and demand situation until the kimchi is finished and will reinforce the necessary responses.” per item and provide support for non-stop discounts and to ensure insecurity of supply and demand. We will respond promptly, “she said.
Inquiries: Policy Coordination Division, Policy Coordination Office, Ministry of Strategy and Finance (044-215-4510)
