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PM Kim Calls for Raising State Support to Tackle Low Birth Rate

Written: 2021-10-13 14:53:26Updated: 2021-10-13 15:13:10

PM Kim Calls for Raising State Support to Tackle Low Birth Rate

Photo : YONHAP News

Prime Minister Kim Boo-kyum said efforts are underway to increase state support in tackling the low birth rate. 

At a forum addressing an era of low birth rates and an aging society on Wednesday, Kim said government spending that go directly to households will be raised from the current one-point-48 percent of the country's gross domestic product(GDP) to the OECD average of two-point-four percent.

He said it's puzzling that the chronically low birth rate has accelerated, despite the government spending 380 trillion won in policies in the past 20 years.

By highlighting how much has been spent, Kim appears to be pointing to the fact that most of the funds were indirectly used to support households.

The prime minister urged the government, businesses, media outlets, civic groups and the general public to put their heads together to find ways to provide continuous and bold support for a sustained period of time.

Kim also blamed soaring housing prices for discouraging young couples from having children and criticized the media for their part in causing market anxiety.

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