S.Korea fin min says seeking to boost budget by nearly 9% for 2020
SEOUL, Aug 22 (Reuters) - South Korea's finance minister
said on Thursday the government was seeking to increase the
budget for next year by nearly 9% over the original budget for
this year, to support an economy hit hard by trade disputes and
cooling global demand.
"The government is working on next year's budget, which will
be scaled at more than 510 trillion won ($422.59 billion),"
Finance Minister Hong Nam-ki said in response to a question
during a parliamentary committee session.
It would be 8.6% more than original budget of 469.6 trillion
won for this year, though that does not take account of the
extra budget that was approved recently.
($1 = 1,206.8500 won)
(Reporting by Choonsik Yoo and Joori Roh; Editing by Simon
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