{
  "id": 2939432,
  "title": "PM calls for prioritizing growth in fiscal policy",
  "url": "https://urgent.news/2026/08/24/pm-calls-for-prioritizing-growth-in-fiscal-policy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T04:32:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/southkorea/politics/20260824/pm-calls-for-prioritizing-growth-in-fiscal-policy"
  },
  "original_language": "en",
  "account": "Prime Minister Han Seong-sook emphasized on Monday that the government should prioritize growth in fiscal policy, asserting that investment in areas that promote economic expansion is crucial for maintaining fiscal stability. During a parliamentary budget and accounts committee meeting, Rep. Ahn Do-geol of the ruling Democratic Party of Korea inquired about the optimal policy to preserve fiscal health.\n\nHan attributed the nation's recent success in generating tax revenues to the increased earnings of businesses. She firmly believes that investing in growth-oriented sectors represents the most essential approach to sustaining overall fiscal health. Notably, Han contrasted the current administration's emphasis on expansionary fiscal policy with the previous government's approach of fiscal austerity. The previous administration adopted a highly contractionary fiscal policy, whereas the present government is pursuing an expansionary strategy aimed at fostering economic growth, she explained. This represents a significant turning point in stimulating growth, according to Han.\n\nShe noted that the country's growth rate was close to zero percent when the current administration took office.",
  "summary": "Prime Minister Han Seong-sook said Monday the government should focus on growth when it comes to fiscal policy, stressing that investment in growth-oriented areas is a key way to maintain fiscal health. Han made the remark during a parliamentary budget and accounts committee meeting after Rep. Ahn Do-geol of the ruling Democratic Party of Korea asked about the best policy to maintain fiscal…",
  "key_points": [
    "Prime Minister Han Seong-sook prioritizes growth in fiscal policy.",
    "Government invests in growth sectors for fiscal stability.",
    "Current administration shifts from fiscal austerity to expansion."
  ],
  "editors_take": "The government's shift from fiscal austerity to an expansionary policy prioritizing growth marks a significant change in approach, one that the Prime Minister believes is crucial for maintaining fiscal stability.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "PM calls for prioritizing growth in fiscal policy",
        "url": "https://urgent.news/2026/08/24/pm-calls-for-prioritizing-growth-in-fiscal-policy-2940022",
        "published": "2026-08-24T04:14:29.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "PM calls for prioritizing growth in fiscal policy",
        "url": "https://urgent.news/2026/08/24/pm-calls-for-prioritizing-growth-in-fiscal-policy-2944870",
        "published": "2026-08-24T05:02:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}