Gov’t plans to front-load budget again this year

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Gov’t plans to front-load budget again this year

Korea decided to set aside more than 70 percent of its annual expenditure during the first half of this year as part of efforts to help stimulate the economy, the Ministry of Strategy and Finance said yesterday.

Of the 298.4 trillion won (280.7 billion) the government will spend this year, about 72 percent or 213.6 trillion won was assigned for the first half, according to the ministry. This is higher than 70 percent that was front-loaded in 2012.

The budget front-loading is aimed at helping boost the economy, which is facing tougher market conditions at home and abroad. Yonhap

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