68800
Moon’s Extra Budget Plan Approved
World Economy

Moon’s Extra Budget Plan Approved

South Korea’s parliament approved an extra budget that had been caught up in a fight between the new government and the opposition for the past month, Bloomberg reported. The 11 trillion won ($9.8 billion) in extra spending is the centerpiece of President Moon Jae-in’s plans to create tens of thousands of new jobs and boost growth. The extra money will help Korea return to 3% GDP growth, Moon said during a cabinet meeting in June, but the delay raised concerns about how the new government would actually implement its economic policies, given that it doesn’t have a parliamentary majority.

 

Short URL : https://goo.gl/ep2kRq
  1. https://goo.gl/2LD74T
  • https://goo.gl/hqPT3T
  • https://goo.gl/ACAMyU
  • https://goo.gl/6ttigV
  • https://goo.gl/VeNZsy

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus