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Briefings South Korea weighs fiscal U-turn as Yoon’s term hits halfway markSeoul’s mixed messaging on supplementary budget highlights internal debate over abandoning fiscal conservatism The presidential office on Friday sent conflicting signals about a potential shift in President Yoon Suk-yeol’s signature fiscal conservatism, with one senior official telling Yonhap News Agency that the administration was open to a supplementary budget to address growing economic polarization. However, hours after the news broke, another presidential official contradicted this position, stating that no supplementary budget was currently under consideration. The ruling People Power Party (PPP) further complicated matters by stating it had not been consulted about any supplementary budget plans, highlighting apparent coordination gaps between the party and the presidential office. This is also a particularly sensitive © Korea Risk Group. All rights reserved. |





