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Budget Bill Deadline Passes for Yet Another Year

Written: 2023-12-02 14:00:55Updated: 2023-12-02 14:06:34

Budget Bill Deadline Passes for Yet Another Year

Photo : KBS News

Lawmakers once again failed to meet the deadline for the National Assembly to pass a budget bill on Saturday.

The National Assembly could not pass the New Year budget bill by the December 2 deadline amid partisan wrangling over impeachment motions and other points of contention.

With the special budgetary committee's activity closing on Friday, the government's original budget bill was automatically referred to a plenary session.

However, as the ruling and opposition parties are expected to discuss the matter without putting the referred bill up for a vote, meeting the Saturday deadline has become practically impossible.

Partisan differences reportedly exist over budget outlays for global R&D projects and a tax exemption on a youth savings program.

Lawmakers have met the deadline only twice - in 2014 and 2020 - since passing the National Assembly Advancement Act in 2014.

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