Finance minister asks for urgent passing of economic billsUpdated: 2014-08-08 22:46:14 (KST)
At least 30 economic bills need to be passed as soon as possible to ensure they don't miss the golden time of a chance to revitalize the nation's economy.
This is what Finance Minister Choi Kyung-hwan said at an emergency meeting with economy-related ministers on Friday, once again putting pressure on lawmakers, who have more than 7-thousand bills awaiting parliamentary approval.
Choi asked for the National Assembly's cooperation stressing that this is the last chance to put the focus on raising household income, which should, in turn, boost domestic demand and the overall economy.
He warned there wasn't much time, emphasizing the country's GDP increased a mere zero.six-percent in the second quarter of the year, from the previous quarter.
The minister said out of the 30 most urgent bills, 18 concern the investment sector, six the normalization of the housing market, three are related to public welfare and another three on the protection of financial and private data.
To fulfill that goal, Choi asked that all ministers take the issue directly into their own hands to gain the understanding and cooperation of the people and the assembly and told them he will be closely monitoring their progress.
The government's new tax revision on conglomerates and others will be subject to parliamentary revision at a plenary session next week.
Since before his inauguration as finance minister in July,
Choi's priority has been on revitalizing the economy by easing financial regulations, which runs in line with President Park's deregulation drive.
Kwon Soa, Arirang News.
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