{
  "id": 4738776,
  "title": "Lee to preside over Cabinet meeting on 2027 government budget proposal",
  "url": "https://urgent.news/2026/08/31/lee-to-preside-over-cabinet-meeting-on-2027-government-budget-proposal",
  "topic": "world",
  "section": "World",
  "published": "2026-08-31T23:32:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/southkorea/politics/20260901/lee-to-preside-over-cabinet-meeting-on-2027-government-budget-proposal"
  },
  "original_language": "en",
  "account": null,
  "summary": "President Lee Jae Myung is scheduled to chair a Cabinet meeting on Tuesday to review and approve the government's budget proposal for the upcoming year. The Lee administration is aiming to draft a budget surpassing 800 trillion won ($584.1 billion), representing a 10 percent or greater increase from the current year. This projected increase is anticipated due to the surge in tax revenue expected from a burgeoning semiconductor sector. According to the law, the government must submit its budget proposal to the National Assembly at least 120 days prior to the start of the new year, which means the deadline has passed on Thursday. The budget proposal must also undergo a Cabinet review and presidential approval before it can be submitted. Upon submission to the National Assembly, lawmakers are anticipated to finalize the bill by December after undergoing adjustments through a review process.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Lee to preside over Cabinet meeting on 2027 government budget proposal",
        "url": "https://urgent.news/2026/08/31/lee-to-preside-over-cabinet-meeting-on-2027-government-budget-proposal-4740786",
        "published": "2026-08-31T23:04:42.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Lee to preside over Cabinet meeting on 2027 government budget proposal",
        "url": "https://urgent.news/2026/08/31/lee-to-preside-over-cabinet-meeting-on-2027-government-budget-proposal-4740286",
        "published": "2026-08-31T23:42:04.000Z"
      }
    ]
  },
  "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."
}