22 octombrie 2019

South Korea’s Moon Calls for ‘Crucial’ Spending Increases Amid Flagging Economy


In a budget speech before the South Korean National Assembly Tuesday, President Moon Jae In called for dramatic increases in state spending in an effort to boost the country’s slowing economy. Defense tops the budget increases, seeing a dramatic 7% hike. Moon’s government has sought a record-high 513.5 trillion won ($438.7 billion) budget for 2020 - a 9.3% increase from this year, according to the Korea Herald . The spending is spread across industrial investment, programs for seniors and young [...]