The government’s stimulus measures are estimated to have boosted the country’s economic growth rate in the third quarter by zero-point-eight to one percent.
 
The Ministry of Strategy and Finance said Monday that 70 to 80 percent of the third quarter economic growth of one-point-two percent was a result of the stimulus measures.
 
In detail, government spending was estimated to have raised growth by zero-point-three percent while government investment accounted for zero-point-five to zero-point-seven percent.
 
Much of the stimulus came from the 11-point-five trillion won supplementary budget which began to be executed in August.
 
Exports, which had long contributed to economic growth, however, were estimated to have lowered third quarter growth by zero-point-seven percent.
 
The government plans to continue pursuing expansionary fiscal policies focused on growing domestic demand.