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SOUTH KOREA: Extra Budget Not Being Considered - FinMin

SOUTH KOREA

Earlier reports crossed from onshore media that the government was considering an extra budget in early 2025: per BBG "South Korean government is considering allocating supplementary budget early next year to overcome weak demand at home and a slowing economic growth, Chosun Ilbo newspaper says, citing an unidentified presidential official." 

However, fresh headlines have crossed from the FinMin stating an extra budget is not being considered. "*S.KOREA FINANCE MINISTRY SAYS IT'S NOT CONSIDERING EXTRA BUDGET" - BBG

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Earlier reports crossed from onshore media that the government was considering an extra budget in early 2025: per BBG "South Korean government is considering allocating supplementary budget early next year to overcome weak demand at home and a slowing economic growth, Chosun Ilbo newspaper says, citing an unidentified presidential official." 

However, fresh headlines have crossed from the FinMin stating an extra budget is not being considered. "*S.KOREA FINANCE MINISTRY SAYS IT'S NOT CONSIDERING EXTRA BUDGET" - BBG