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Democratic Party Unilaterally Passes 31.8 Trillion Won Supplementary Budget

The measure grows universal digital handouts with extra top-ups in rural noncapital areas funded by fresh government bond sales.

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Office workers look at their mobile phones to check the local online banking app Toss as they gather at Seoul Museum of Art during a lunch break in Seoul, South Korea, April 13, 2023. REUTERS/Kim Hong-Ji/File Photo
President Lee Jae Myung (R) presides over a Cabinet meeting at the presidential office in Seoul on July 5, 2025. (Yonhap)

Overview

  • On July 4, the ruling party used its 56 percent assembly majority to override all objections and approve the 31.8 trillion won budget in subcommittee and plenary votes.
  • Lawmakers increased the package by 1.3 trillion won from the initial proposal, pushing total government spending to roughly 703.3 trillion won for the year.
  • Every citizen will receive up to 520,000 won in digital vouchers, with additional 30,000 won top-ups for noncapital residents and boosted 50,000 won subsidies for depopulated regions.
  • To cover the extra cost, the government will issue new bonds, driving the debt-to-GDP ratio from 48.4 percent to an estimated 49.1 percent and widening the fiscal deficit.
  • The People Power Party staged a mass walkout decrying the process as railroading, and officials plan to begin voucher disbursements later this month.