Policy Issues (September 2015)
2016 Budget Planned to Increase Youth Employment and Support Economic Innovation --- The 2016 budget proposal pursues economic stimulation and fiscal soundness at the same time as total budgets will be increased by 11.3 trillion won, or 3.0 percent compared with the 2015 budget. A total of 387 trillion won expenditures will be focused on increasing youth employment, promoting economic innovation, developing culture and service industries, and improving welfare. The 2015-2019 national fiscal management plan has been drawn up to promote economic stimulation and structural reform, while helping recover fiscal soundness in the mid- to long-term ...* For further details, please refer to the attached file.
Sep 2015