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South Korea’s Parliament exhausts period to approve 2023 budget without reaching agreement

Daniel Stewart

2022-12-03
File
File – File image of the South Korean Parliament. – -/YNA/dpa

South Korea’s National Assembly has exhausted the deadline set by the Constitution to address next year’s budget plan without reviewing the draft in its entirety, after the opposition maintained opposing positions and filed an impeachment motion against the Minister of Interior and Security over the deadly human avalanche in Seoul.

«The legal deadline to address the budget plan, as stated in the Constitution, was today, but we were unable to complete the review of next year’s national budget,» parliamentary speaker Kim Jin Pyo said in a statement carried by Yonhap.

Precisely, this is the first budget plan of the Yoon Suk Yeol administration since it took office in May, so Jin Pyo has proposed holding two extraordinary sessions for this purpose on December 8 and 9 in order to «fulfill the authority and responsibility of the Assembly» before the end of the session.

In this regard, Jin Pyo stressed that a «swift handling» of the budget should be a top priority of the Parliament, in a context of slowing exports and a global economic slowdown.

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