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  • National Assembly Passes Revised Budget Bill For Next Year (Update)
The National Assembly passes a revised budget bill for 2019 on December 8, 2018 <Photo: Yonhap News>

The National Assembly passes a revised budget bill for 2019 on December 8, 2018 <Photo: Yonhap News>

The National Assembly has passed overnight a revised budget bill for next year, 6 days past the legal deadline.

Lawmakers opened a plenary session early this morning and approved the 469.6 trillion won budget bill, down a net 927 billion won from the government's original proposal.

It still marks a 9.5 percent increase from this year's spending.

The welfare budget, including a record 23.5 trillion won for job creation, suffered a 1.2 trillion won cutback.

The spending for social infrastructure projects, meanwhile, got increased by 1.2 trillion won.■

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