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Some 68 pct of 2018 budget allocated during 1st half of year

All News 16:47 December 08, 2017

SEJONG, Dec. 8 (Yonhap) -- South Korea's finance ministry said Friday that over two-thirds of the state budget for 2018 has been allocated to the first half of the year, as the government aims to help boost its income-led growth in Asia's fourth-largest economy.

According to the ministry, 68 percent of its earmarked 368.6 trillion won, which covers welfare and other fiscal spending, has been front-loaded for use during the January-June 2018 period.

During the first quarter of next year, 151.3 trillion won, or 41 percent of the total has been earmarked, with the figures for the second, third, and fourth quarters being 27 percent, 21.2 percent and 10.7 percent, respectively, it said.


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