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Finance Minister heralds sharp increase in gov’t spending based on increasing tax revenues

2018-08-16 1 Dailymotion

김동연 부총리 "5년간 세수 예상보다 60조 추가... 적극 재정 나서겠다"<br /><br /> The government will increase spending next year, based on sound tax revenues.<br /> Seoul's finance chief announced at a public finance forum Thursday the plans designed to support growth and create more jobs.<br />The ministry earlier projected a budget increase of 5-point-7 percent, but now plans to increase spending by a further 2 percentage-points.<br /> Kim Dong-yeon explained, tax revenues will increase by around 53-point-2 billion U.S. dollars over the next 5 years.<br />He stressed the importance of the government’s role in using the budget to boost the sluggish economy and address widening income disparity. <br />

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