"Large-Scale Additional Tax Revenue to Be Invested in Future, Youth, Local Regions, and Education"

[Anchor]

President Lee Jae-myung presided over the National Fiscal Strategy Meeting to discuss the government's fiscal management direction. President Lee announced that he would establish a Future Response Fund with large-scale additional tax revenue generated from factors such as the semiconductor boom, and invest it in the fields of the future, youth, local regions, and education.

Reporter Kang Cheongwan has the story.

[Reporter]

President Lee Jae-myung stated that if the past year was a time for responding to economic recovery and livelihood crises, the coming year must be a year of achieving substantial growth and a leap forward.

As the first principle of the national fiscal strategy for this goal, he announced the establishment of a Future Response Fund using the large-scale additional tax revenue expected from the semiconductor boom.

[President Lee Jae-myung: We will invest intensively in these four major areas that will determine the nation's future—the future, youth, local regions, and education—and through this, we will increase our economic growth potential...]

As the second principle, he cited support for the three major mega-projects, which are large-scale local investment plans announced last month.

President Lee promised that the government would provide intensive support to ensure that corporate investments in semiconductors, physical AI, and data centers are carried out properly, stating that he would turn the three major mega-projects into new opportunities for our economy.

[President Lee Jae-myung: The stable supply of essential resources such as power and water is fundamental, and we will also establish innovation foundations and build living conditions including transportation, logistics, infrastructure expansion, as well as housing, education, medical care, and culture...]

As the final principle, he presented "growth for all," where no one is left behind.

To this end, he promised support for youth in areas such as jobs, housing, and asset formation, as well as the strengthening of social safety nets to protect non-regular workers, including freelancers.

President Lee emphasized that the direction of national finance discussed today will determine the next 20 to 30 years of the Republic of Korea.

(Video coverage: Jung Sang-bo, Video editing: Park Sun-soo)
※ Please note: This article was translated by AI and may contain errors.