US EditionLee Jae Myung Calls for Swift Execution of $23.3-Billion Won Extra Budget to Boost Economy
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7 Articles
Lee Jae Myung calls for swift execution of $23.3-billion won extra budget to boost economy
President Lee Jae Myung urged the government Saturday to swiftly execute the 31.8 trillion-won ($23.3 billion) extra budget to help stimulate the sluggish economy amid economic challenges. His remarks...
South Korea Passes Expanded Extra Budget Before Tariff Deadline
South Korea’s parliament approved a 31.8 trillion won ($23.3 billion) extra budget as new President Lee Jae Myung seeks to revive an economy struggling with weak consumption and mounting trade risks from US tariffs.
The head of the Ministry of Economy and Finance (MEF), Raúl Pérez Reyes, announced last Wednesday that he will ask Congress to approve a new supplementary credit for S/1.3 billion.He said that it will be to execute 1,280 infrastructure and sanitation projects.He said that the supplementary credit bill (it would be the third of this year) must be approved in an extraordinary Council of Ministers.In this regard, the former holder of the MEF, Luis …
President Lee Approves 31.8 Trillion Won Supplementary Budget… Lee Wan-Gyu’s Dismissal Also Approved
150,000 to 550,000 won per person… First payment to be completed within this month
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