Finance Minister heralds sharp increase in gov’t spending based on increasing tax revenues

김동연 부총리 "5년간 세수 예상보다 60조 추가... 적극 재정 나서겠다" The government will increase spending next year, based on sound tax revenues. Seoul's finance chief announced at a public finance forum Thursday the plans designed to support growth and create more jobs.The ministry earlier projected a budget increase of 5-point-7 percent, but now plans to increase spending by a further 2 percentage-points. Kim Dong-yeon explained, tax revenues will increase by around 53-point-2 billion U.S. dollars over the next 5 years.He stressed the importance of the government’s role in using the budget to boost the sluggish economy and address widening income disparity.