Tuesday, March 19, 2013

S. Korea plans to earmark 9 bln USD supplementary budget

South Korea planned to earmark 10 trillion won (around 9 billion U.S.Vintage tubs dollars) in supplementary budget this month to boost economic growth in the early period of new presidency,tyre equipments Yonhap News Agency reported on Tuesday.Vintage bath fixtures 

According to sources cited by Yonhap,Auto Accessories wholesalers the new administration under President Park Geun-hye planned to hold a closed-door meeting chaired by Park on Friday to discuss whether to compile the extra budget. Details on the discussion will be reflected on the economic policy direction scheduled to be announced on March 26. 

Around 10 trillion won, which would be allocated to the supplementary budget, was reported to be mostly raised through government bond issuance. 

The new government under President Park,How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system. which took office in late February, was widely expected to unveil new stimulus measures to spur growth in the early period of new presidency. 

Finance Minister nominee Hyun Oh-seok said during his confirmation hearing last week that he will decide on the timing of supplementary budget after reviewing economic conditions in a comprehensive way. 

Regarding the media report, the finance ministry said in a statement that no decision on whether to compile the extra budget and the size of the possible supplementary budget has been decided yet.

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