68% of next year’s budget will be spent in first half

Home > Business > Economy

print dictionary print

68% of next year’s budget will be spent in first half

Korea’s finance ministry said Friday that over two-thirds of the state budget for 2018 has been allocated to the first half of the year, as the government aims to help boost its income-led growth in Asia’s fourth-largest economy.

According to the ministry, 68 percent of its earmarked 368.6 trillion won ($335.4 billion), which covers welfare and other fiscal spending, has been front-loaded for use during the January-June 2018 period.

Yonhap

More in Economy

It's a good time to give away residences

Unemployment line adds insult to injury for the jobless

Number of part-time workers hits record high

Closing for good

Those who didn't buy are singing the real estate blues

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now