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Gov't to Swiftly Execute Budget of 389 Tln. Won in 1st Half

Written: 2024-02-22 18:29:01Updated: 2024-02-22 18:52:24

Gov't to Swiftly Execute Budget of 389 Tln. Won in 1st Half

Photo : YONHAP News

The government has decided to swiftly execute in the first half of the year a budget of 389 trillion won for some 180 programs on people’s livelihood. 

Second vice finance minister Kim Yoon-sang unveiled the plan on Thursday when he chaired a meeting of related government agencies on fiscal spending, noting that the amount of budget to be executed in the first half is a record high. 

The budget includes nearly 35 trillion won in investment by public institutions and two-point-seven trillion won in private investment. 

The government is currently operating some 180 programs on people’s livelihood that aim to help small business owners, low-income households and youths suffering from inflation and high interest rates.  

Kim said related agencies will exert all-out efforts toward budget execution by conducting regular reviews and holding meetings that will inspect progress in spending.

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