Gov't aims to approve extra budget at Cabinet meeting next week
Published: 25 Mar. 2026, 15:23
![Hong Ihk-pyo, the presidential secretary for political affairs, attends a press conference at the presidential office in Seoul on March 25. [YONHAP]](https://koreaseafood.online/data/photo/2026/03/25/8f07cd00-36d8-4274-b4c2-b0eb1020aaaf.jpg)
Hong Ihk-pyo, the presidential secretary for political affairs, attends a press conference at the presidential office in Seoul on March 25. [YONHAP]
The government aims to seek approval of an extra budget proposal at a Cabinet meeting next week, a senior presidential aide said on Wednesday, as it steps up efforts to support small- and medium-sized firms and vulnerable households hit by a prolonged war in the Middle East.
Hong Ihk-pyo, the senior presidential secretary for political affairs, made the remarks. He added that preparations have been underway to draft the extra budget and that the proposal will be reported to a Cabinet meeting as soon as it is finalized.
Still, Hong said a date for when the planned extra budget bill would be reported to a Cabinet meeting is not fixed yet.
“For now, we are aiming for a Cabinet meeting next Tuesday,” Hong told reporters.
President Lee Jae Myung has urged the government to swiftly draw up a supplementary budget focusing on measures to stabilize the domestic economy, minimize the impact on affected industries and ensure the resilience of supply chains.
Yonhap
with the Korea JoongAng Daily
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