Policy Issue
2024 Budget Proposal
Oct 2023
2024 budget proposal directions
Following the transition from expansionary fiscal policies to a sound fiscal approach during the 2023 budget planning, the 2024 budget proposal focuses on improving the fundamentals of fiscal structure. Fiscal soundness will be adhered for the medium and long term to ensure the alleviation of future burdens, enhancement of external credibility and securing of fiscal sustainability. In addition, the government will refrain from wasteful spending by enforcing a full-fledged fiscal reform while vigorously investing in key policy areas.
* For further details, please refer to the attached file
Following the transition from expansionary fiscal policies to a sound fiscal approach during the 2023 budget planning, the 2024 budget proposal focuses on improving the fundamentals of fiscal structure. Fiscal soundness will be adhered for the medium and long term to ensure the alleviation of future burdens, enhancement of external credibility and securing of fiscal sustainability. In addition, the government will refrain from wasteful spending by enforcing a full-fledged fiscal reform while vigorously investing in key policy areas.
* For further details, please refer to the attached file
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