VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

South korean Presiden Moon Jae-In has call on the government to go on a national crisis voting by concentrating all it’s capacity to overcome the economic crisis trigered by Covid-19. Speaking at the cabinet meeting on Tuesday (27/04/20) the president liken the situation economic to war time and warn the condition could get worsten in second quarter. South Korea economy contracted on 1,4 percent on quarter in the first three month of this year, the biggest quarterly slumping over 11 years.

"The economic shock is becoming apparent across all industries. Economically this is a war time situation. As government, we need to be swift above all. The damage will become greater and the difficulties of the people and business more severe if the implementation of measure is delayed" the President said. 

The President order official authority prepare so house hold can quickly to apply for monthly relief payment. The national assembly is expect to vote on extra budget bill tha will be use to fund the scheme on Wednesday. The president also highlight the need for agressive investment and the swift implementation of scheme that spur comsumption adding that the third extra budget will be use to finance a comprehensive plan to promote spending.

"We must not lose this opportunity for a third suplementary budget. The time has come for measure to revive consumption, because now quarantine and our daily life must go on the same time. People will start their normal socio economic activities while abiding to quarantine guidelines and regulation" President added. 

In addition President Moon emphasized need for South Korean version of a new deal to stimulate job creation. Calling on official to use a country strength directively carry out at large scale project on information and technology//NK