Translating into Русский. The English version is shown until it is ready.
Jeonbuk opposition branch urges redesign of 162 trillion-won future fund
Коротко
The Jeonbuk provincial branch of the minor opposition Rebuilding Korea Party called on Oct. 6 for the government's proposed 162 trillion-won future-response fund to be redesigned so that it helps regions rather than weakening local finances. The government plans to fund it with additional tax revenue and to adjust the base used to calculate local transfer tax allocations, which local governments say could reduce what they receive. The branch said local governments' own resources must not be damaged and that localities should decide how local accounts are used.
Почему это важно
The fund's design determines how tax revenue is divided between the central government and localities, so the planned adjustment to the local transfer tax base could reduce the discretionary money available to regional governments. The dispute sets up a fiscal-decentralisation argument ahead of next year's budget. Because the documents give only the party's position and local governments' concerns, the government's response is not yet clear.
Ключевые факты
- The Jeonbuk provincial branch of the Rebuilding Korea Party said the government's future-response fund should be redesigned in a way that keeps regions alive. [ 1 , 2 ]
- The government decided to create a 162 trillion-won future-response fund while drawing up next year's budget. [ 2 ]
- The fund is to be financed from additional tax revenue, and the government also decided to adjust the base for local transfer tax allocations. [ 2 ]
- Local governments have raised concerns that local transfer tax allocations could shrink as a result. [ 2 ]
- The party branch said local governments' autonomous resources must not be damaged and that local accounts should be spent at local discretion. [ 2 ]
- The party branch said preparing for the future and protecting local life do not conflict. [ 2 ]
Подтверждено несколькими источниками
- The Jeonbuk provincial branch of the Rebuilding Korea Party publicly called for the government's future-response fund to be redesigned so that it benefits regions. [ 1 , 2 ]
- The government decided to set up a 162 trillion-won future-response fund in next year's budget, financed from additional tax revenue and accompanied by an adjustment to the local transfer tax base. [ 2 ]
Пока неясно
- Whether local transfer tax allocations to local governments will actually fall. The documents report only that local governments have raised this concern; no figure or government confirmation is given.
- How much of the fund would be allocated through local accounts and who would decide its use. The party branch states its position that localities should decide, but the government's proposed allocation method is not described in the documents.
- The government's response to the party branch's demand. No government statement on the criticism appears in the documents.