Central bank’s call for urgent supplementary budget intensifies PPP and DP policy showdown before potential election
An illustration of two hands pointing at each other overlayed by a South Korean banknote | Images: Canva (background), Korea Pro (illustration), edited by Korea Pro
South Korea’s fiscal policy debate erupted after central bank Governor Rhee Chang-yong’s unprecedented call for a supplementary budget to address economic fallout from President Yoon Suk-yeol’s martial law declaration, intensifying competition between the ruling and opposition parties.
The ongoing debate between the two parties is not only about divergent fiscal strategies but also the broader challenges of stabilizing the economy amid political uncertainty and looming electoral pressures.
South Korea’s fiscal policy debate erupted after central bank Governor Rhee Chang-yong’s unprecedented call for a supplementary budget to address economic fallout from President Yoon Suk-yeol’s martial law declaration, intensifying competition between the ruling and opposition parties.
The ongoing debate between the two parties is not only about divergent fiscal strategies but also the broader challenges of stabilizing the economy amid political uncertainty and looming electoral pressures.
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