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Gov t to curb spending for fiscal soundness Posted : 2021-05-24 16:42 By Lee Kyung-min The government said Monday that it has begun discussing ways to manage fast-growing debt on a steep rise, due to a spike in mandatory and fiscal spending brought on by the COVID-19 pandemic. The announcement signals that the record-high growth of debt due to a year of expansionary policies needs to slow down, an objective the government says will be achieved by the implementation of a newly outlined fiscal discipline by 2025. An effort will follow to reduce the one-off increase in expenditures granted to state-run projects. Government spending will prioritize ways to bolster exports and corporate investments, two growth drivers underpinning the country s economy. A balanced recovery is needed that includes low-income earners who lost jobs during the past year.

Soult ukpyolsiSouth koreaMinistry of economySeoul national universityNational universityKim so youngதெற்கு கொரியாஅமைச்சகம் ஆஃப் பொருளாதாரம்சியோல் தேசிய பல்கலைக்கழகம்தேசிய பல்கலைக்கழகம்கிம் அதனால் இளம்