President Moon Jae-in said next year's budget was expanded to secure a complete recovery from the COVID-19 pandemic and to shore up the domestic economy.

Moon explained the objectives behind the super budget plan totaling 604-point-four trillion won, up eight-point-three percent from this year, during Tuesday's Cabinet meeting.

The president emphasized that keeping an aggressive fiscal policy remains vital as the government has yet to see an end to post-pandemic recovery efforts, coupled with an ongoing overhaul in global supply networks.

Moon attributed South Korea's relatively rapid and strong recovery to expansionary policies, adding that the state will need to broaden its fiscal role to take the next step as a developed nation and transition into a leading economy, such as through its Korean New Deal initiative.

The president stressed that next year's budget will give priority to a complete recovery from COVID-19 and strategic investment to ensure the nation's future, in reference to additional vaccine purchases and improvements in health care infrastructure.