Policy Issue (September 2016)
▷2017 Budget Proposal▷2017 Budget to Focus on Creating Jobs and Boosting Economy▷The 2017 budget proposal promotes both expansionary policies and mid-term fiscal soundness. Total expenditures will be increased by 14.3 trillion won, or 3.7 percent, compared with the 2016 budget, and fiscal balance and national debt will improve compared with the 2015-2019 fiscal management plan. A total of 400.7 trillion won will be spent to successfully deal with economic and social changes and internal and external risks, improve people’s livelihoods, increase birth rates, and enhance national security.The 2016-2020 fiscal management plan is drawn up to bolster up growth and job creation, as well as to ensure fiscal soundness.* For further details, please refer to the attached file.
Sep 2016