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S.Korea fin min says extra budget to boost economic growth unnecessary at the moment
April 27, 2017 / 1:53 AM / 5 months ago

S.Korea fin min says extra budget to boost economic growth unnecessary at the moment

SEOUL, April 27 (Reuters) - South Korea’s finance minister on Thursday said drawing up a supplementary budget to support growth seems unnecessary at the moment amid improving exports.

“An extra budget to support recovery momentum isn’t something that’s needed,” Yoo Il-ho told reporters after a meeting with other ministers in Seoul.

Growth in the second quarter won’t slow sharply, Yoo added, although uncertainties will continue to persist.

Reporting by Christine Kim, Cynthia Kim; Editing by Sam Holmes

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