President Lee Jae Myung Unveils South Korea's Budget Plan for Next Year
President Lee Jae Myung presented South Korea's budget plan for the coming year at the National Assembly in Seoul on Nov. 4. The session, led by Speaker Woo Won-shik of the Democratic Party, aimed to improve upon the previous year's 'F' audit grade. The budget speech outlined South Korea's spending plans for the next year. President Lee Jae Myung detailed the government's financial priorities, aiming to avoid the shortcomings of the previous year's budget. The National Assembly, under the guidance of Speaker Woo Won-shik, will now review and deliberate on the proposed budget. The goal is to ensure a smoother approval process and better fiscal management. President Lee Jae Myung's budget speech marks the start of South Korea's annual budget process. With Speaker Woo Won-shik at the helm, the National Assembly will work towards approving a budget that meets the country's needs and avoids the issues of the past year.
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