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Early Edition 18:00
(THIS IS THE TRANSCRIPT FOR ARIRANG NEWS THAT AIRED ON 26 Sep 2013- 18:00 KST.)
Title: Headlines
On our newscast tonight
Following through with promises is difficult but important especially when you're at the nation's top office.
After announcing plans to scale down a pension plan due to a revenue shortfall President Park apologizes for failing to make good on one of her key campaign pledges.
On charges of conspiring to stage a revolution and praising North Korea and its ideology, minor opposition Unified Progressive Party lawmaker Lee Seok-ki is indicted.
His party argues the earlier-than-expected move was politically motivated.
Finally, the U.S. Senate has agreed to stop arguing and start considering legislation to raise the debt ceiling for 2014.
But another battle over "Obamacare" could complicate matters.
For these and other stories, stay tuned.
Title: Early Edition at 18 Title
Title: Opening
It is 5 a.m. in Washington, 12:30 in the afternoon in Tehran, and six on a Thursday evening here in Seoul.
Welcome to Early Edition at Six I'm Moon Conn-young.
And I'm Daniel Choy.
We begin with fresh controversy surrounding Budget 2014
Title: Govt. proposes 2014 budget, 30% allotted for welfare
The Park Geun-hye administration has drawn up its first budget draft since taking office and the figure stands at some 333 billion U.S. dollars.
The Korean leader boosted welfare spending to a record high earmarking nearly 30 percent of the entire budget.
Our Han Da-eun breaks down the numbers for us. Numbers have been crunched and the funds have been divided now all that remains to be seen is how parliament and the people react to the Park Geun-hye administration's first national budget draft.
The government says it plans to spend a total of 357-point-7 trillion won, or roughly 3-hundred-33 billion U.S. dollars, next year, which is a 4-point-6 percent increase from this year's spending.
The key word in next year's proposal is "welfare," in line with a series of welfare pledges made by the president.
More than 98 billion dollars, or nearly 30-percent of the total, is to be put aside for the welfare and health sector.
This is the largest budget allocation for health and welfare in the nation's history.
Finance Minister Hyun Oh-seok, however, explained that some necessary welfare benefits had to be scaled back a little as revamping the sluggish economy remains the government's top priority.
The draft was drawn up under the premise that the economy will grow by 3-point-9 percent next year, which is slightly lower than the government's previous outlook.
Looking into other sectors, the largest allocation following welfare was roughly 54 billion for general and local administration, some 47 billion dollars for education, and more than 33 billion for national defense.
About 21 billion dollars is put aside for Social Overhead Capital or SOC, while more than 17 billion will be sliced up for agriculture, fisheries and food.
The draft was endorsed during a Cabinet meeting presided over by President Park on Thursday, and will be submitted to parliament by next Wednesday.
Han Da-eun, Arirang News.
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