South Korea finance minister says will draft extra budget of less than nine trillion won by April-end By Reuters

© Reuters. FILE PHOTO: A man carries scraps in a handcart during snowfall in central Seoul

© Reuters. FILE PHOTO: A man carries scraps in a handcart during snowfall in central Seoul

TedsWoodworking Plans and Projects

SEOUL (Reuters) – South Korea’s finance minister said on Wednesday the ministry will submit a supplementary budget of smaller than 9 trillion won ($7.9 billion) in size to the parliament by the end of April.

“The size of the extra budget hasn’t been confirmed yet, but I think it would be smaller than the size that the International Monetary Fund (IMF) suggested,” Hong Nam-ki told reporters after a policy meeting in Seoul.

Last month, IMF said that South Korea should draw up an extra fiscal budget around 9 trillion won to support an economy facing risks from sluggish investment and slowing global trade

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here