SEOUL (Reuters) - South Korea’s finance minister on Wednesday said the government will consider preparing a supplementary budget to create jobs and boost economic growth.
“We won’t rule out the possibility of an extra budget,” Kim Dong-yeon said at a parliament session when a lawmaker asked if the government’s push to add jobs will mean increased fiscal expenditure.
In 2017, South Korea’s Moon Jae-in government budgeted extra spending of 11 trillion won ($10.20 billion)as soon as he took office, mainly to create social service jobs and offer subsidies for maternity leave.
($1 = 1,078.8000 won)
Reporting by Cynthia KimEditing by Shri Navaratnam