April 18, 2024
Economy
Gov’t to allocate supplementary budget for job creation
[THE INVESTOR] The Finance Ministry said on May 12 that it will allocate a supplementary budget for job creation.
“We will create jobs through aggressive macroeconomic policies, including a supplementary budget,” the ministry said in its monthly economy assessment report.
The ministry also vowed to revitalize the economy, which is showing signs of a recovery on increased exports.
It marked the first time that the ministry has mentioned the possibility of drawing up an extra budget for job creation since President Moon Jae-in took office earlier this week.
Moon has pledged to get a 10 trillion won (US$8.8 billion) extra budget from parliament in the first year of his presidency so the public sector can hire more people.
By Alex Lee and newswires (alexlee@heraldcorp.com)
“We will create jobs through aggressive macroeconomic policies, including a supplementary budget,” the ministry said in its monthly economy assessment report.
The ministry also vowed to revitalize the economy, which is showing signs of a recovery on increased exports.
It marked the first time that the ministry has mentioned the possibility of drawing up an extra budget for job creation since President Moon Jae-in took office earlier this week.
Moon has pledged to get a 10 trillion won (US$8.8 billion) extra budget from parliament in the first year of his presidency so the public sector can hire more people.
By Alex Lee and newswires (alexlee@heraldcorp.com)
