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President Lee Jae-myung answers questions during a roundtable on eradicating unfair practices in the stock market, held at the Korea Exchange in Yeongdeungpo District, Seoul, on June 11. / Yonhap News

President Lee Jae-myung will confirm the 2025 second supplementary budget (extra budget) during a Cabinet meeting on June 19, shortly after returning from the G7 Summit.

The budget is expected to total around 20 trillion won and will include measures such as direct relief payments and local currency support to stimulate domestic consumption and revive the sluggish economy. The administration’s goal is to swiftly address soaring prices driven by the Middle East conflict and the emergency decree crisis while boosting everyday livelihoods.

Presidential spokesperson Kang Yoo-jung stated, “Even as President Lee prepares for key diplomatic engagements such as the G7 Summit just two weeks after taking office, he is actively pushing for an extra budget to support the recovery of people’s livelihoods.” The budget will be finalized the day after his return from Canada.

According to political sources, the proposed relief payments will be distributed to all citizens, with additional support based on income levels. Under consideration is a plan to give 150,000 won to every citizen, while providing 300,000 won to low-income households and single-parent families, and 400,000 won to basic livelihood recipients.

Alongside the supplementary budget, the government has also decided to extend fuel tax cuts—which were originally set to end this month—until August. Temporary reductions on automobile consumption taxes will also be extended by six months.