The Ministry of Strategy and Finance says that the government has allocated a fiscal fund of 89-point-three trillion won in the first quarter of this year as an effort to preemptively address economic risks at home and abroad.
  
It is one-point-eight trillion won more than the government’s original spending plan. As a result, 31-point-seven percent of the total government budget was spent in the first quarter, zero-point-seven percentage points higher than its initial plan.
  
Central government agencies executed a budget of 74-point-six trillion won, which is nearly two trillion won more than their original plan. Front-loading by public agencies amounted to 14-point-seven trillion won, 100 billion less than originally planned.
  
Local governments spent 52-point-one trillion won, seven-point-four trillion won more than their initial plans. Their budget execution rate stands at 30-point-three percent.
 
Local education authorities executed seven-point-one trillion won, 33-point-one percent of their budget for this year and one trillion won more than originally planned.
  
A government official said that the front-loading has generated some tangible results, including a recovery in the construction industry and improving economic indicators. He added that the government will go ahead with its plan to spend 58 percent of its budget in the first half of this year in order to support economic recovery.