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IMF dispels concerns of S. Korea’s rising budget deficit
IMF dispels concerns of S. Korea’s rising budget deficit
EconomyJan 28, 2021
South Korea’s current snowballing budget deficit, fueled by the COVID-19 pandemic “can be offset by gradual consolidation” in coming years, the International Monetary Fund said Thursday. The remark by Andreas Bauer, Korea mission chief at the IMF, apparently aims to alleviate concerns surrounding the nation’s surging government debt, which is projected reach 956 trillion won ($859 billion) this year, gaining 150.8 trillion won on-year. “The 2021 budget rightly a