Group 1 - The South Korean National Assembly has passed a supplementary budget of approximately 31.8 trillion won (about 100 billion RMB) to stimulate economic recovery amid challenges such as weak consumer demand, business difficulties, and rising trade risks due to the so-called "reciprocal tariffs" from the US [1] - Some institutions have raised their economic growth forecasts for South Korea this year, showing optimism about the effects of the supplementary budget [1] - The supplementary budget is expected to push South Korea's national debt to exceed 1,300 trillion won by the end of the year [1] Group 2 - This is the second supplementary budget for the year, increasing by about 1.3 trillion won compared to the original proposal submitted by the government [1] - Approximately 12.17 trillion won will be allocated for issuing consumer vouchers to all citizens, while about 10.3 trillion won will be used to cover tax revenue shortfalls [1] - The government will also implement debt relief measures for small and micro enterprises [1]
韩追加预算刺激经济引发债务担忧
news flash·2025-07-08 02:06