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Announcement of the 2020 Budget on Supporting Low Income Vulnerable Groups

Sep.3, 2019(Tue.)

Announcement of the 2020 Budget on Supporting Low Income Vulnerable Groups

  - Setting Earned Income Tax Credit (EITC) which saw a sharp increase in 2019 as a base, income support for the low income bracket will continue in the next year

  - For stable employment of low income workers and burden sharing with small businesses, employment stability grants and social insurance support will continue

  - Employment and social safety net reinforcement, job creation for the vulnerable groups and enhancing employment capabilities through vocational training

  - Earned income deduction expansion for recipients of livelihood benefits and boosting income for the low income bracket with tax support and enlargement of living expense deduction

 

Last Modifide Date   :   Mon November 25, 2019
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