Ruling party, gov t stress active fiscal policy to boost growth in 2027 budget
Budget Minister Park Hong-keun, Democratic Party floor leader Han Byung-do and others attend a consultative meeting of party and government officials at the…
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Summary
"The 2027 budget should play an active fiscal role, not only in supporting the country's growth but also its transformation," Kwon said, noting that investment should also be made in key sectors, such as bio, culture, defense and energy. Ruling party, gov t stress active fiscal policy to boost growth in 2027 budget. President Lee Jae Myung earlier announced that the government will draw up a record-high budget of around 800 trillion won (US$540 billion) for next year and use the additional tax revenue expected from the ongoing semiconductor boom to create the future response fund to invest in future industries, policies for young generations and regional development.
Furthermore, Echoing Han's call to boost future industries, Rep. Kwon Chil-seung, the DP's chief policymaker, called for strategic investments in artificial intelligence (AI) to help South Korea become one of the world's top three AI powerhouses. 25, 2026, to discuss the government's 2027 budget. (Yonhap) julesyi@yna.co.kr (END).
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"The 2027 budget should play an active fiscal role, not only in supporting the country's growth but also its transformation," Kwon said, noting that investment should also be made in key sectors, such as bio, culture, defense and energy.
reliability low1/2 sourcesRuling party, gov t stress active fiscal policy to boost growth in 2027 budget.
reliability low1/2 sourcesPresident Lee Jae Myung earlier announced that the government will draw up a record-high budget of around 800 trillion won (US$540 billion) for next year and use the additional tax revenue expected from the ongoing semiconductor boom to create the future response fund to invest in future industries, policies for young generations and regional development.
reliability low1/2 sourcesEchoing Han's call to boost future industries, Rep. Kwon Chil-seung, the DP's chief policymaker, called for strategic investments in artificial intelligence (AI) to help South Korea become one of the world's top three AI powerhouses.
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25, 2026, to discuss the government's 2027 budget. (Yonhap) julesyi@yna.co.kr (END)
according to Yonhap News
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