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03 December 2008 The on-line newspaper devoted to the world of transports 05:57 GMT+1



January 16, 2001

SOUTH KOREA
Budget spree draws 'doom' warning
Stimulus package of $132b 'just pumping water into broken jar' as reform takes back seat to spending

Agence France-Presse in Seoul

The government has unveiled a new burst of spending to revive the economy despite fears it could stoke inflation and delay reforms.

The finance and economy ministry said the government would spend 21.8 trillion won (about HK$132.52 billion) of its budget during the first half of this ......
Read more on South China Morning Post



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