Finance Minister Yoo Il-ho has forecast that drawing up a supplementary budget will generate some 60-thousand jobs.
 
Yoo, who concurrently serves as deputy prime minister, made the projection during a meeting of financial policy advisors held in Seoul on Thursday.
 
The minister said the government produced a supplementary budget plan to stabilize the people’s livelihoods and breathe new life into the regional economy with the main focus on restructuring and assisting employment.
 
Yoo said that in addition to the supplementary budget, the government will mobilize all means possible, including the expansion of policy loans, to push forward its plan to inject more than 20 trillion won, or around 17 billion U.S. dollars, to resuscitate the economy in the second half of the year.
 
Yoo said the supplementary budget will aim to assist shipbuilding companies and ongoing restructuring efforts as well as expand support for the vulnerable in landing customized jobs.