Ministry of Economy and Finance Publishes '2020 National Budget Overview'

[Asia Economy Reporter Kwangho Lee] The Ministry of Economy and Finance announced on the 7th that it has published the "2020 National Budget Overview."

This booklet contains a detailed explanation of the management of the national budget for this year, based on the budget confirmed by the National Assembly.

The booklet is composed of three parts. Part 1 includes the President's policy speech on this year's budget proposal and the proposal explanation by the Deputy Prime Minister and Minister of Economy and Finance.

Part 2 provides a detailed explanation of the overall fiscal conditions and scale, the direction of fiscal management, and investment plans by sector.

Chapter 1 comprehensively explains this year's national budget, including fiscal management conditions, revenue and expenditure scale, fiscal balance, and national debt. Chapter 2 details the budget for key promotion tasks such as accelerating innovative growth, enhancing economic vitality, strengthening the foundation of an inclusive state, improving convenience and safety in citizens' lives, and robust national defense and diplomacy.

Additionally, Chapter 3 on detailed investment plans by sector explains the fiscal support directions and major support contents for 12 sectors: health, welfare, and employment; education; culture, sports, and tourism; research and development (R&D); industry, small and medium enterprises, and energy; SOC; agriculture, forestry, fisheries, and food; environment; defense; diplomacy and unification; public order and safety; and general and local administration.

Part 3 provides systematic "statistical information" on overall finances, including revenues and expenditures of general and special accounts and income and expenditures of funds.

This booklet can be accessed on the Ministry of Economy and Finance's website starting today. It is also scheduled to be distributed next week to local governments, education offices, and other public institutions.

This content was produced with the assistance of AI translation services.