The Yoon Suk Yeol administration keeps tightening its belt by capping next year's budget growth to the lowest level since 2005 as it chooses austerity over economic stimulus. The government set the expenditure at 656.9 trillion won ($495.2 billion), up 2.8 percent from the previous year. Finance Minister Choo Kyung-ho said that the growth represents the slimmest since 2005, when the government changed how the data is compiled. 'This reflects the government's commitment to maintaining fiscal soundness,' Choo said.

https://n.news.naver.com/mnews/article/640/0000042664?sid=101

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