Gov’t may draw up additional supplementary budget next year: Finance Minister


Korea’s top economic policymaker says the
government may draw up an additional supplementary budget, should the next year’s economic growth
hover below the mid-two percent range. According to Finance Minister Yoo Il-ho during
a Strategy and Finance Committee meeting at the parliament Thursday,… whether or not
to pursue the extra budget will be decided after the first quarter next year. Minister Yoo, however explained the Korean
economy will be sufficient enough to maintain at least a 2-percent growth next year but
it will be lower than the current projection of three-percent. He added the government will maintain its
expansionary fiscal policy in 2017.

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