Independent journal on economy and transport policy
01:31 GMT+2
Budget spree draws 'doom' warning
(South China Morning Post)
January 16, 2001
SOUTH KOREA 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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