The Yoon administration must embark on a strong battle against stifling regulations.
Korea’s future depends on these reforms over the next two years without national-level elections.
The country’s fiscal strength serves as a fortress against external contingencies.
Korea's national debt last year hit a record high of 1,126.7 trillion won ($826.6 billion), accounting for more than 50 percent of the country's debt-to-gross domestic product.
The Ministry of Economy and Finance announced that next year's fiscal policy will focus re-investing in R&D, resolving the falling birthrate and bolstering medical services.
Korea's national debt inched closer to 1,110 trillion won ($824 billion) as of late November, and the fiscal deficit logged on-month growth, data showed Thursday.
Fiscal integrity must not be compromised during the budgetary review process.
The government has the duty to uphold the fiscal integrity regardless of the challenges at home and abroad.
The government must not save spending and instead must stimulate growth for more tax revenue.
Korea JoongAng Daily Sitemap
