As the government decided to mobilize various funds to make up for the ‘tax revenue puncture’, which is expected to be in the ’30 trillion won range’ this year, criticism that it is ‘blocking the return of financial resources’ is growing stronger. Choi Sang-mok, Deputy Prime Minister and Minister of Strategy and Finance, is talking with officials prior to the National Assembly audit of the Strategy and Finance Committee held at the National Assembly on the morning of the 29th. Photo = Yonhap News
As the government decided to mobilize various funds to make up for the ‘tax revenue puncture’, which is expected to be in the ’30 trillion won range’ this year, criticism that it is ‘blocking the return of financial resources’ is growing stronger. The government’s position is that it will make the most of its available resources without issuing government bonds, but there are concerns that there will be significant side effects if it continues to make up for tax revenue shortfalls with funds.
The Ministry of Strategy and Finance reported ‘fiscal response plan according to tax revenue re-estimate in 2024’ at the Strategy and Finance Committee’s comprehensive audit of government affairs held at the National Assembly on the 28th. As with last year, the plan is to respond by reducing fund surplus and reducing local resources.
Representative Choi Ki-sang of the Democratic Party of Korea said, “The plan to respond to the tax revenue deficit announced by the Ministry of Strategy and Finance is an unconstitutional provocation against the people and the National Assembly, where the incompetent Yoon Seok-yeol government destroyed the country’s treasury and ignored the people’s livelihood through reckless blocking.” “There is a price that must be paid,” he criticized.
On the other hand, People Power Party lawmaker Park Seong-hoon defended, “Isn’t sustainability the most important thing when it comes to finances? I think it is the government’s decision to use the government’s surplus and available resources as a top priority in accordance with the National Finance Act without issuing government bonds.”
Graphics = BBD Lab
As a result of Victor News counting related articles with the keywords ‘washing’, ‘eating back’, and ‘punk’ from October 28th to 29th at 12:00 noon, there were a total of 62 related articles and comments based on portal Naver and Daum. The number of responses was 1,201 and 2,360 responses. By online sentiment, Daum’s ‘I’m angry (1,507, 63.86%)’ followed by Naver’s ‘Highly recommended for follow-up’ (666, 28.22%).
The article with the most comments on portal Naver was Yonhap News dated October 28, with 240 comments and 72 reactions. (In order of net likes)
Withdraw the tax cut for the rich and normalize it (259 likes)
The Yoon Seok-jeong administration pent up tens of trillions of trillions in tax revenue through tax cuts for the wealthy and tax cuts for multi-home speculators. As if this were not enough, the Yoon Seok-jeong government used hundreds of trillions of trillions in low-interest policy loans using public taxes to boost housing prices (131 likes).
Impeachment is the only answer (sympathy 88)
They are struggling not to collect taxes from the rich (empathy 66)
The economy is always ruined by the People Power Party and the Democratic Party of Korea. A representative example is the IMF (32 likes)
I have never heard of such an incompetent president (Empathy 18)
Next, MBC’s October 28th issue had 225 comments and 331 reactions (ordered by net likes).
It is deplorable that our country, the Republic of Korea, runs the government with a negative bank account (77 views)
If this is going to happen, why did you criticize the former administration? Since they have blocked all tax revenues from being distributed to companies, they are not even touching on research funds that should not be cut (286 likes)
Seongryeol Yoon is doing well. He is cutting off local grants well. Cut off R&D/education expenses/public welfare. It’s almost time to go home (85 likes)
What on earth did they do to cause a lack of tax revenue every year? The tax cut for the rich has killed all small and medium-sized business owners. Rather than impeachment, the election should be erased from history by invalidating it (Agree 50).
Even though the situation is like this, I can’t come to my senses (39 likes)
If you reduce the subsidies to local areas like that, the disappearance of local areas will become even faster. ㅉ Even if only the Yongsan relocation + overseas tour taxes were saved, there would be enough money to give to local areas (37 likes)
Among the collected articles, articles with comments displayed in the most recent order were excluded from the rankings.
Due to changes in portal Daum’s comment policy (implementation of Time Talk), comments on articles posted on Daum were not collected. The article with the most ‘likes’, the number one emotion next to portals, was the Maeil Business Newspaper dated October 28, with 654 of the 671 total responses being ‘likes’.
※ Mining Solution: BBD Lab
※ Survey period: Until 12:00 noon on October 28-19, 2024
※ Collected data: 8902 (Naver, Daum articles and comments, reactions)
※ Analysis: Victor News
