2018 Budget Focuses on Job Creation, Wage-led Growth and Innovation: The 2018 budget proposal contains support to achieve a people-friendly economy and sustainable growth, and emphasizes the role of expansionary fiscal spending in pursuing these goals. A total of 429.0 trillion won, an increase of 28.4 trillion won, or 7.1 percent compared with the 2017 budget, will be spent to successfully implement the new administration’s economic policies.* For further details, please refer to the attached file.
The Economic Bulletin is a monthly English publication that covers the current status and future outlook of the Korean economy, as well as key economic policies and indicators. By sharing such information with foreign residents in Korea and international opinion leaders, the Economic Bulletin aims to generate a greater international level of understanding on the Korean economy.