The People Power Party announced that it will virtually restore part of next year’s R&D budget, which was drastically cut, during the National Assembly’s budget deliberation process.
Jae-ok Yoon, floor leader of the People Power Party, held a briefing on the budget review plan at the National Assembly this morning and said, “There are voices of concern about the reduction of the R&D budget in next year’s budget,” adding, “We will focus on nurturing talent in science and engineering and strengthening the competitiveness of research institutions in the field.” “We will thoroughly strengthen it to ensure that there is no cause for concern,” he said.
Floor Leader Yoon said, “It is the natural responsibility of the government to check the areas that have been used inefficiently and adjust them so that the precious budget can be used in the most necessary areas,” adding, “If there are areas that need to be strengthened during the budget review process, the ruling and opposition parties will fully discuss them.” emphasized.
Yu Yu-dong, chairman of the People Power Party’s policy committee, also said in a briefing, “We will strengthen investment in science and technology research for the future,” and “We will significantly increase support for R&D scholarships in science and engineering, and we will also expand support for new equipment and materials to university research institutes.”
Policy Committee Chairman Yoo said, “There are concerns in the research field due to recent budget changes for basic research and government-funded research institutes, and we will also prepare measures to dispel these concerns. We will also expand investment in innovative R&D of university research institutes and small and medium-sized businesses.” He added.
However, Chairman Yoo of the Policy Committee said, “Some media use the expression ‘restoration’ in relation to the R&D budget, but the term ‘restoration’ is used on the premise that there is a problem with the government budget,” adding, “There is a need for expenditure restructuring and the will to carry out structural reform. He added, “As we have revealed, the ruling party highly evaluates the attempt, and I hope they will refrain from using the expression ‘restoration.’”
People Power Party Chief Spokesperson Park Jeong-ha also met with reporters at the National Assembly this morning and said, “Some expressions include ‘restoration’ of the R&D budget, but this does not mean restoration, but rather supplementation and reinforcement if necessary budget under the restructuring trend of the R&D budget that was indiscriminately executed. “It is the right thing to do,” he emphasized.
2023-11-13 01:20:07
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