More than half of the 5th disaster fund was spent at marts, groceries and restaurants

On the afternoon of September 5, at a convenience store in downtown Seoul, a promotional leaflet indicating that the national subsidy is being used is attached. yunhap news

It was found that more than half of the 5th disaster support (coronavirus national support fund) paid in September was used in marts, groceries and restaurants.

On the 7th, the Ministry of the Interior and Safety (Minister Jeon Jeon-cheol) analyzed the amount of use of credit/debit cards and local love gift certificates (card type/mobile type) for about two months after the start of the national subsidy payment. % (2,389.7 billion won), restaurants 22.4% (1.877 trillion won), hospitals and pharmacies 9.0% (756 billion won), convenience stores 8.6% (719.8 billion won), etc.

At the present time, 90.7% of the 9,219.7 billion won in the national subsidy was used, or 8,365.6 billion won. However, this excludes cases paid by paper-type local love gift vouchers and anonymous prepaid cards, and the total amount of national subsidies is 10.679.5 billion won.

As for the ratio by payment method, 72.1% of the people who received subsidies by ‘credit/debit card’ accounted for the most, followed by ‘Local Love Gift Certificate’ at 17.5% and ‘prepaid card’ at 10.4%.

It is interpreted that, like the first disaster subsidy paid in May of last year, 90% of the subsidy paid out in about two months was consumed, resulting in a high effect of stimulating consumption in the short term.

In addition, it is analyzed that the use of the 5th disaster subsidy has significantly increased in small and medium-sized franchisees with sales of 3 billion won or less, contributing to the recovery of damage to local small business owners.

As a result of analyzing the amount of national subsidies paid by credit and debit cards (6,876.1 billion won) by category of franchise sales, it was found that 80.5% (5.536.4 billion won) was used by small and medium-sized franchisees with annual sales of 3 billion or less. .

This is 24.7%p higher than the 55.8% (86,915.8 billion won) consumption ratio of small-scale affiliates among the total credit card usage during the same period, and 17.0%p compared to the 63.5% (6.72 trillion won) used at the time of the first disaster aid last year. is a high number.

The deadline to use the national subsidy is until the 31st, and any remaining balance that is not used within the period will be returned to the government and local governments.

Jeon Je-cheol, Minister of the Interior and Safety said, “The government and local governments are doing their best to establish a payment system through public-private cooperation so that the people can receive and use the subsidy quickly and conveniently, introduce a guide service through the public secretary, and apply for a visit. “The government will continue to actively support the improvement of the vitality of the alleyways and the local economy so that the people of the whole country can overcome the corona crisis together,” he said.

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