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Deputy PM Promises Active Fiscal Efforts amid Brexit Risks

Written: 2016-07-06 13:20:47Updated: 2016-07-06 16:57:32

Deputy PM Promises Active Fiscal Efforts amid Brexit Risks

Finance Minister Yoo Il-ho has promised to take active fiscal measures if external risks are realized.
  
The minister made the remarks in a fiscal strategy meeting on Wednesday, citing newly emerging risks following Britain’s decision to leave the European Union.

The deputy prime minister said that the government again ruminated on the significance of fiscal health, which he said has served as the last safety valve for the economy in the past global economic crises.
 
Yoo asked government agencies to strengthen fiscal capacities and improve the efficiency of investments.

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