Parliament making progress to pass series of key billsUpdated: 2013-12-31 PM 4:28:34 (KST)
With the clock ticking down to the new year, the National Assembly continues to work on passing a number of key bills this Tuesday including next year's budget worth nearly 340 billion U.S. dollars.
If lawmakers fail to pass the budget bill, the government would have to come up with a provisional budget, which would be limited to financing mandatory expenditures, some public organizations and previously approved business projects.
President Park Geun-hye has urged the legislature to pass a full budget bill before the year's end, as it directly relates to improving the livelihoods of the people and boosting Korea's economy.
While the 2014 budget remains in limbo, the ruling Saenuri Party and the main opposition Democratic Party did agree on a package deal to reform the National Intelligence Service earlier Tuesday.
The special parliamentary committee on reforming the state's spy agency has worked out the revisions, which include banning NIS agents from gaining access to government offices and media outlets.
That bill now awaits approval at the parliamentary plenary session.
Ji Myung-kil, Arirang News.
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