Surprise Me!

Finance chief says government considering budget worth over US$ 420 bil. for 2020

2019-08-22 4 Dailymotion

홍남기, 내년도 예산 510조원 이상…확장적 재정 필요<br /><br />South Korea's finance minister says the government is considering a budget worth roughly 420 billion U.S. dollars for next year.<br />Speaking at a parliamentary meeting today,... Hong Nam-ki stressed the need for an expansionary spending plan to boost the economy.<br />That would be roughly a nine percent hike from this year's budget.<br />Hong said about 2 billion dollars of the budget will be set aside for the parts and materials industries to make those sectors more competitive and to develop home-grown technologies as a remedy to with Japan's export curbs.<br />The minister also said that they plan to execute 80 percent of the extra budget for those industries by the end of next month.<br />

Buy Now on CodeCanyon