Hankyoreh
Working-class campaign pledges excluded from 2011 budget
The GNP has consistently failed to implement pro-working class, shared growth and Fair Society pledges
Dec. 10, 2010
By Ahn Seon-hee, Staff Writer and Hwangbo Yon
The 2011 budget railroaded through the National Assembly by the ruling Grand National Party on Wednesday did not reflect the “expanded child care allowance” pledged by the party during the June 2 local elections. Also encountering setbacks due to the rapid chilling of the political climate following the railroading was legislation for shared growth by small and medium enterprises (SMEs) and large corporations. While the “pro-working class” and “shared growth” elements were absent from the budget, the National Assembly budget review process saw a large increase in the budget to address local constituency appeals.
The total scale of expenditures for 2011 as passed by the National Assembly, including the budget and funding, amounted to 309.01 trillion Won ($271 billion), a 495.1 billion won reduction from the plan initially submitted by the Lee Myung-bak administration. Of the twelve total areas in the budget, large cuts were seen in only two, namely general public administration (900 billion Won) and education (100 billion Won).
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