my timesThe Korea Times

Drawing up extra budget

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Bank of Korea Governor Lee Ju-yeol, right, shakes hand with Rep. Park Byeong-seug of the ruling Democratic Party of Korea before attending a parliamentary Economy and Finance committee at the National Assembly in Yeouido, Seoul, March 25. Lee said drawing up a supplementary budget of about 10 trillion won ($881 million), about 0.5 percent of the country's GDP, will help boost the country's growth rate, adding that from a macroeconomic standpoint, the economy is at a critical moment that expansionary fiscal policy is needed. Yonhap