SEOUL (Reuters) – South Korea’s ruling and opposition parties agreed on a supplementary budget of 13.8 trillion won ($9.67 billion) on Thursday, against the government’s planned 12.2 trillion won.
Leaders of the Democratic Party and the People Power Party agreed to the higher supplementary budget, which includes 200 billion won to support agriculture and regions hit by wildfires, 400 billion won for regional vouchers, and 800 billion won for infrastructure construction.
The National Assembly is expected to hold a session on Thursday to pass the supplementary budget.
($1 = 1,426.4300 won)
(Reporting by Joyce Lee; Editing by Ed Davies)
