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South Korea drafts second extra budget to spur growth
Gulf Today
|June 22, 2025
South Korea's new administration proposed on Thursday $14.7 billion of extra government spending to support sluggish domestic demand, as President Lee Jae Myung makes economic recovery his top policy agenda.
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The supplementary budget plan totalling 30.5 trillion won announced by the finance ministry includes 20.2 trillion won ($14.7 billion) of new spending to spur economic growth and support vulnerable sectors, while it will also make up for 10.3 trillion won from an expected shortfall in tax revenue.
Cette histoire est tirée de l'édition June 22, 2025 de Gulf Today.
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