"Instead of supplementary budget tinkering, let's stick to the original budget" ··· urging the Ministry of Economy and Finance to restore core agricultural policies

Published 2025년 11월 11일

Tridge summary

[Korea Farmers' Newspaper, Reporter Kim Kyung-wook] In the process of compiling next year's government budget, voices are increasingly calling for the restoration of major agricultural program budgets that the Ministry of Economy and Finance has cut. Particularly, opposition and ruling party members of parliament urged the Ministry of Economy and Finance to reflect the budget in the main budget regarding the cut and reduction of major agricultural policy program budgets, such as the inorganic fertilizer price support and supply-demand stabilization project and the support project for the development of upland crop joint management bodies. The necessity of increasing the rural basic income budget and expanding its use was also raised. The Special Committee on Budget and Accounts of the National Assembly held a two-day review of the 2026 budget proposal and other economic ministry budgets on October 10-11. During this session, members of parliament from both parties

Original content

Calls for restoration of budget cuts for agricultural projects in the government budget for next year are rising in the budget committee of the National Assembly. Particularly, the budget cuts for major agricultural projects such as the inorganic fertilizer price support and supply stabilization project and the field crop joint management body nurturing support project have prompted lawmakers to urge the Ministry of Economy and Finance to reflect them in the main budget, and the need for an increase in the budget for rural basic income and the expansion of its usage has also been raised. The Special Committee on Budget and Accounts of the National Assembly held a two-day review of the 2026 budget proposals from economic ministries on October 10-11. At this meeting, lawmakers from both parties emphasized the need for an increase in the budget for agriculture and rural areas, stating that it is directly related to responding to the climate crisis, food security, and stabilizing ...

Source: Agrinet