Tag - Korea Budget

Finance chief vows swift execution of 2017 budget

Strategy and Finance Minister Yoo Il-ho urged ministries Tuesday to execute 2017 budget spending early next year to provide the weak economy with a cushion against internal and external uncertainties. However, the finance ministry is in a dilemma about economic policies for next year as it has few options available ahead of a presidential election that might come early following the impeachment of President Park Geun-hye. “To preemptively cope with external and internal uncertainties, we should be thoroughly prepared for the [...]