◆ 14 trillion won New Year’s supplementary budget ◆
Prime Minister Bu-gyeom Kim (center), along with Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki (right), and Deputy Prime Minister and Education Minister Yoo Eun-hye, are heading to the Prime Minister’s Office at the Government Complex in Jongno-gu, Seoul on the 21st. [김호영 기자]
The 14 trillion won first supplementary budget this year, decided by the government at the cabinet meeting on the 21st, is a secondary quarantine subsidy paid 3 million won each to 3.2 million small businesses and small businesses 90 small businesses who have suffered serious losses due to the prohibition of gatherings and restrictions on business hours It is divided into loss compensation, which is paid out in the form of low-interest loans to 10,000 places. 1.5 trillion won will be invested in strengthening quarantine measures to prevent the spread of COVID-19 micron mutations.
Q. What is the target and procedure for the 2nd quarantine subsidy?
A. A total of 3.2 million small business owners and small businesses, including not only the music training center, bathhouse, restaurant, cafe, and indoor sports facility, but also non-indemnity businesses such as travel and lodging businesses that are receiving compensation for losses due to the ban on gatherings and restrictions on business hours This second quarantine subsidy is subject to payment. If the business was opened before December 15th of last year and the sales in November-December 2019/2020 or the average monthly sales in November-December, the sales in the same period last year decreased. Standards vary by industry, but those with annual sales of 1 billion to 12 billion won are classified as small business owners and small businesses. If one person runs multiple businesses, up to four are supported. In the political circles, the plenary session plans to handle it by the 14th of next month at the latest. After the supplementary budget bill is passed, the government is planning to send a text message to small businesses eligible for support in the middle of next month at the earliest. The application is made on the website of the Small Business Prevention Support Fund following authentication with a mobile phone/joint certificate in the person’s name without any supporting documents.
Q. Who is eligible for small business loss compensation support?
A. The target group is 900,000 small businesses and small businesses whose sales have decreased due to the ban on gatherings, restrictions on business hours, and restrictions on the use of personnel and facilities since October 1, last year. 5 million won per business is paid within 3 business days following application by checking whether the applicant is eligible without credit rating/guarantee limit review. The amount of repayment is determined by deducting the actual loss in sales from 5 million won later. The repayment amount can be paid in installments over 5 years at an ultra-low interest rate of 1.0% per annum.
Q. Where is the 1.5 trillion won supplementary budget for quarantine reinforcement used?
A. First of all, 400 billion won will be added to measures to secure beds for patients with severe COVID-19 from 14,000 to 25,000. In addition, 392 billion won will be used to purchase 400,000 doses of oral treatment in response to the spread of Omicron mutation, and 226.8 billion won will be used to purchase 100,000 doses of injectable treatment for the treatment of moderate-to-mild patients. 500 billion won will be invested in living support expenses for home therapists (905,000 won paid for 10 days for a family of four).
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