Deputy Prime Minister and Finance Minister Yoo Il-ho has promised to implement effective financial policies to block uncertainties from spreading to the nation's real economy.
 
Yoo pledged to breathe new life into the economy during an event on Friday that marked the settlement of accounts on total revenue and expenditure for the fiscal year 2016. 

He assessed that this year’s economic conditions both at home and abroad are more uncertain than ever.
 
The minister said risks at both at home and abroad shot up and economic sentiment contracted last year due to the restructuring of shipbuilding and marine transportation companies. He stressed that this year, the government will grab hold of such risks to stabilize people’s livelihoods and boost economic vitality.
 
Also on Friday, Yoo said the government secured a stable amount of tax revenues last year as it had in 2015. Last year, the government collected nine-point-eight trillion more in tax revenues than the government budget, avoiding a revenue shortfall for the second straight year.