National Assembly passes 512.3tr won budget bill

By Yonhap
  • Published : Dec 10, 2019 - 21:06
  • Updated : Dec 11, 2019 - 08:44

The National Assembly on Tuesday passed next year's budget bill, worth 512.3 trillion won ($ 429.9 billion), after fierce partisan strife.

The government had proposed a 2020 budget worth 513.5 trillion won, but the ruling Democratic Party put forward the revision bill after consultations with four minor opposition parties. 

This photo, taken on Aug. 2, 2019, shows the National Assembly in Seoul holding a plenary meeting to vote on an extra budget bill.(Yonhap)

The national budget for 2020 would increase 9.1 percent from this year.

The main opposition Liberty Korea Party presented its own revision bill worth 499.2 trillion won at the eleventh hour, but Speaker Moon Hee-sang dismissed it.

The National Assembly already missed the Dec. 2 deadline to pass the budget bill due to prolonged political strife.(Yonhap)