Government needs to focus on fiscal soundness amid tax shortfall'Even if we lose the elections, we must push for fiscal soundness,' said President Yoon Suk Yeol while presiding over a national financial strategy meeting with government and ruling party officials on June 28.'The amount of budget cut should be used as a yardstick to assess how innovative ministries are.'Yoon's remarks can be interpreted as a sign that he is fully committed to tightening the country's fiscal belt, even though trimming and pruning some nonessential yet popular projects may cost his party votes in the legislative election next year.

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