The government vowed to quickly spend the fourth supplementary budget of 7.8 trillion won ($6.9 billion) that was approved by the National Assembly late Tuesday.
The ruling Democratic Party and opposition People Power Party both made compromises on a fourth supplementary budget of 7.8 trillion won ($6.9 billion), coming one step closer to a final deal
Finance Minister Hong Nam-ki defended the government's spending in the National Assembly, saying more debt was unavoidable in the fight against the Covid-19 pandemic.
As the Covid-19 crisis continues, the Moon Jae-in administration paid up to 1 million won ($844) in emergency relief grants to all Korean households in May. Now, the government has proposed its fourth supplementary budget of 7.8...
Prime Minister Chung Sye-kyun on Monday requested the National Assembly's swift approval of an extra budget worth 7.8 trillion won ($6.6 billion) proposed to cushion the economic fallout from the Covid-19 pandemic.
Every time the government announces a new spending plan, people become fretful. A fourth supplementary budget passed by the cabinet raises questions of reliability and effectiveness of the spending. The Moon Jae-in administration...
The Moon Jae-in administration’s fourth supplementary budget for this year was announced Thursday. There had been disputes about the scope of the second round of relief grants amid the prolonging Covid-19 crisis. President Moon...
The government has decided on a fourth supplementary budget of 7.8 trillion won ($6.6 billion). If approved by the National Assembly, total spending in four supplementary budgets this year will amount to 66.8 trillion won, a record.
The government and ruling party agreed Sunday to create a fourth supplementary budget worth 7 trillion won ($5.9 billion) to combat the additional economic fallout from the prolonged Covid-19 pandemic.
A mobile ID system, studios for K-pop virtual concerts and the burying of power cables are some of the projects that are set to be funded by Korea's record 2021 budget.