Playing it cautiously
Published: 31 Mar. 2026, 20:30
The Democratic Party and the government have agreed on a 26.2 trillion won ($17.2 billion) supplementary budget to address economic fallout from Middle East tensions, including high oil prices and a weak currency. The plan aims to support households, small businesses and exporters, and may include cash assistance. While emergency spending can be justified, concerns are growing over its size and speed. Critics warn that pushing the budget through without sufficient debate risks undermining fiscal discipline and could worsen inflation, bond yields and financial burdens on vulnerable groups. [PARK YONG-SEOK]
with the Korea JoongAng Daily
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