Lee backs 2027 expansionary budget, rejects ‘populist austerity trap’

“President Lee Jae Myung called for South Korea to pursue an expansionary fiscal stance in its second-half economic strategy and next year’s budget, rejecting the “trap of populist fiscal austerity.” Lee underscored that “bold fiscal spending implemented in a timely manner boosts domestic demand and injects vitality into the broader economy” during a Cabinet meeting and emergency economic review session Tuesday at Cheong Wa Dae in Seoul. Lee rebutted calls for an austerity budget as “irresponsibl

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