World

South Korea fin min says 4 trln won extra budget will be proposed

Published March 15, 2018 Updated March 15, 2018 01:14pm

About 2.6 trillion won of the extra budget will be financed by excess tax revenue from last year, while another 1 trillion won will come from public funds managed by state-owned companies, Kim Dong-yeon said at a news conference in Seoul.

Kim added that the government won't be issuing additional bonds to fund the extra budget.

 

Copyright Reuters, 2018