The South Korean government decided on Thursday to provide 716 billion won (482 million U.S. dollars) to support lower-income families through this winter.
"Unused portions from this year's budget will be used to stabilize the livelihood of the underprivileged, which will include heating and energy subsidies, scholarships for elementary school students, job finding programs and unemployment benefits," Hwang Young-chul of the ruling Grand National Party said.
According to South Korea's Yonhap News Agency, the government will provide 60,000 won (41 U.S. dollars) monthly for heating expenses for 86,000 lower-income people and 77,000 won (53 U.S. dollars) a month as heating expenses for one million households.
In order to create public jobs and provide employment training for young people from the lower-income bracket, the government plans to spend over 200 billion won (137 million U.S. dollars), Yonhap added. The government will also make effort in stabilizing prices for water supplies, gas and public transportation, Hwang added.
The decision was made as global financial crisis and high commodity prices are attacking daily lives of the underprivileged.
Source:Xinhua
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