Ruling Party, Gov't Stress Active Fiscal Policy to Boost Growth in 2027 Budget
5 Articles
5 Articles
Budget Policy Stance Finalized on Future Growth, Youth, and Polarization Response; Full Tuition Support for Regional National Universities, Maximum Electric Vehicle Subsidies... Support for Nuclear-Powered Submarine Development Reporters Park Kyung-jun and Jung Yeon-sol = The Democratic Party of Korea and the government negotiated next year's government budget proposal on the 25th ahead of the regular session of the National Assembly.
Ruling party, gov't stress active fiscal policy to boost growth in 2027 budget
The ruling Democratic Party of Korea (DPK) and the government on Tuesday stressed the need for the active role of fiscal policy and investment in future industries, as the government eyes a record-high budget for next year. "Above all, we should focus our fiscal capacity on securing leadership in future industries," DPK floor leader Han Byung-do said during a consultative meeting between party and government officials on next year's budget propo…
(Seoul = Yonhap News) Reporters Park Kyung-jun and Jung Yeon-sol = As the Democratic Party of Korea and the government consulted on next year's government budget proposal on the 25th ahead of the regular session of the National Assembly, regarding the active role of fiscal policy...
Han Byung-do, floor leader of the Democratic Party of Korea, stated on the 25th, “As fiscal capacity has increased, we must clearly establish priorities regarding where and how much to invest first,” adding, “Wise solutions must also be devised to strategically allocate funds to various fiscal needs, such as youth, regionally-led growth, and future strategies.” In his opening remarks at the government-party consultation on the 2027 budget held a…
(LEAD) Ruling party, gov′t stress active fiscal policy to boost growth in 2027 budget proposal
(ATTN: REWRITES lead; UPDATES with more info, minor edits throughout)SEOUL, Aug. 25 (Yonhap) -- The ruling Democratic Party (DP) and the government on Tuesday stressed the need for the active role of fiscal policy and investment in future industries,
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