Moon vows strong education, prosecution reform to promote fairness
Seoul: President Moon Jae-in pledged a strong push Tuesday for the far-reaching systemic reform of South Korea’s public sectors, including education and the prosecution. In his budget speech at the National Assembly, Moon stressed the importance of promoting fairness to achieve the key policy goals of innovative, inclusive and peace-based growth. “‘Fairness’ should be established […]
South Korea unveils record high budget for 2020
Sejong: South Korea on Thursday proposed a record 513.5 trillion-won ($423.7 billion) budget for 2020 to boost its slowing economy beset by a deepening U.S.-China trade row and more recently its own with Japan. The expansionary budget – endorsed by the Cabinet – represents a 9.3 percent hike from 2019 and marks the second straight […]
Russian Finance Ministry puts 3.66% budget deficit in 2016 draft
The Russian Finance Ministry has prepared a draft 2016 budget with a deficit amounting to 3.034 trillion rubles, or 3.66% of the gross domestic product (GDP). Nominal spending was increased by 304 billion rubles to 16.403 trillion rubles and revenue was cut by 370 billion rubles to 13.369 trillion rubles. The Finance Ministry worsened its […]
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