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Korea to decide on another extra budget after gauging tax revenue, public financing need

This included $15.2bn and $28.5bn Australian dollars the federal government recently announced in infrastructure spending and tax measures. “[The Australian infrastructure spending] is a lot. That is one-and-a-half times the normal level of investment in transport,” says the Grattan Institute’s transport and cities program director Marion Terrill. “The budget took us back to transport megaprojects. And that’s after a short break in the past budget where the biggest single contribution from the commonwealth was $750m. In this budget the commonwealth put in $2bn or more...

Gov’t to inject 19.5 tln won to aid 6.9 mln people hit by COVID-19 Mar 03, 2021, 08:22 am President Moon Jae-in presides over a Cabinet meeting at Cheong Wa Dae in Seoul on Mar. 2, 2021./ Source: Yonhap AsiaToday reporter Lee Ji-hoon The South Korean government has decided to inject 19.5 trillion won to lend a helping hand to some 6.9 million people who have suffered from the prolonged COVID-19 pandemic.  Presided over by President Moon Jae-in, a 19.5 trillion won disaster relief fund was approved at the Cabinet meeting held at Cheong Wa Dae on Tuesday. “The reason for submitting a supp...