Tag - global economic

Korea to maintain expansionary fiscal policy through 2020

South Korea plans to maintain its expansionary fiscal policy mode for the next five years to prop up the economy with efforts to cut unnecessary outlays, the finance minister said Friday. In the 2016 national fiscal strategy meeting chaired by President Park Geun-hye, the Ministry of Strategy and Finance said it will raise the government’s spending growth rate next year, given that the country is facing daunting challenges at home and abroad. The ministry maintained the budget spending growth at 2.7 [...]