[IB Economics] Macro Fiscal Policy IA – 7점

기사 제목은 “S. Korea’s Gov’t Plans to Boost Spending to Record 429 Trillion Won Next Year”이며 expansionary fiscal policy가 경제에 미치는 영향에 대해서 분석한 IA입니다.

[본문내용]

S. Korea’s Gov’t Plans to Boost Spending to Record 429 Trillion Won Next Year

The South Korean government has raised its 2018 budget 7.1 percent from that for this year to 429 trillion won (US$381.1 billion). The Moon Jae-in administration’s first proposed budget calls for boosting spending on job creation and social welfare by 12.4 percent and 12.9 percent, respectively, with an 11.7-percent rise for education. However, the budget for social overhead capital (SOC) has been slashed by 20 percent. It also includes an 11 trillion won cut in tax expenditures to maintain fiscal sustainability.

The government determined the 429 trillion won (US$381.1 billion) budget for next year during a Cabinet meeting chaired by Prime Minister Lee Nak-yon at the Government Complex Sejong on August 29. The plan will be submitted to the National Assembly for approval on September 1.
The proposed budget calls for 429 trillion won (US$381.1 billion) in spending for 2018, up 7.1 percent, or
28.4 trillion won (US$25.23 billion), from 400.5 trillion won (US$355.78 billion) assigned for this year.
The 7.1-percent increase in the 2018 budget marked the largest gain in nine years after government
spending jumped 10.6 percent in 2009 to buttress Asia’s fourth-largest economy in the aftermath of the
global financial crisis. It also showed a 4.6 percent rise from 410.1 trillion won (US$364.31 billion) of
this year’s revised supplementary budget…

• 총 페이지수: 6 pages
• 과목명: Economics
• 주제: S. Korea’s Gov’t Plans to Boost Spending to Record 429 Trillion Won Next Year
• The file is in PDF format.