[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Chi Yun In staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
Warnings have been raised against the increasing reliance of President Moon Jae-in’s government on fiscal spending to carry on what critics say is a mixture of misguided policies.
Economists worry that the Moon administration’s eagerness to increase fiscal expenditure as a panacea for curing economic problems, which have been partly exacerbated by its policies, will hurt the country’s long-term fiscal soundness.
Since taking office in May last year, Moon has pushed for income-led growth by expanding government spending to help create more jobs and increase welfare benefits.
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