President Lee to Deliver Policy Speech on Next Year's Budget... How Is the Opposition Reacting?

President Lee Jae-myung will deliver a policy speech today (November 2) explaining the government's budget proposal for next year (2027) and requesting parliamentary approval. In the speech, President Lee is expected to emphasize the need for proactive fiscal policy to stabilize people's livelihoods, secure future growth engines, and promote regional-led growth, while urging the National Assembly to conduct a prompt review and passage. Previously, the government formulated next year's budget at a record 820.9 trillion won. Meanwhile, People Power Party leader Jang Dong-hyeok held a Supreme Council meeting this morning (November 2) and sharpened his criticism, stating, "President Lee must apologize for his tyrannical rule over people's livelihoods and promise a policy shift in his policy speech." Floor leader Jeong Jeom-sik also raised the recent controversy over the president's second son residing at the Hannam-dong official residence, remarking, "It seems the rental housing crisis facing young people looks like someone else's business to him."

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Written by Son Hyeong-an | Video by Ryu Ji-soo | Design by Lee Su-min | Produced by SBS Digital News
※ Please note: This article was translated by AI and may contain errors.