South Korea's parliament on Tuesday approved next year's government bu...
FILE PHOTO: South Korean President Moon Jae-in delivers his speech on the government's 2019 budget proposal during a plenary session at the National Assembly in Seoul, South Korea, November 1, 2018. REUTERS/Kim Hong-Ji/Pool
SEOUL - South Korea’s parliament on Tuesday approved next year’s government budget worth 512.3 trillion won , sharply raised from this year to support the faltering economy and expand welfare spending. It marked a 9.1% increase from this year’s budget of 469.6 trillion won when excluding a 5.83 trillion won extra spending bill adopted later in the year, although scaled down from the government’s proposal for 513.5 trillion won.Our Standards:
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