Finance chief vows performance-based budget management to support 'super-innovative economy'

Finance Minister Koo Yun-cheol said Tuesday the government will focus its budget on high-performing sectors to lay the groundwork for the new administration's goal of achieving a "super-innovative economy." "(The government) will shift the fiscal management framework toward a performance-oriented approach," Koo said during a parliamentary meeting, emphasizing that finances will be concentrated in sectors that deliver strong outcomes. He emphasized that the budget will serve as a catalyst for growth and recovery, playing a key role in realizing a super-innovative economy centered around cutting-edge technology such as artificial intelligence (AI). Koo also expressed optimism about the economic outlook for the second half of the year, expecting further improvement driven by policy measures such as the supplementary budget. However, he cautioned that external uncertainties persist, including escalating trade tensions triggered by U.S. tariff measures and rising food prices.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times