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South Korea’s monetary, budget tightening policies ‘right’: IMF

South Korea has been seeking to enforce tighter fiscal rules that center on capping the deficit at 3 percent of the country's gross domestic product.

Ann Asianews Network

Ann Asianews Network

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Finance Minister Choo Kyung-ho speaks during a virtual meeting with the International Monetary Fund in Seoul on Sep. 5. PHOTO: MINISTRY OF ECONOMY AND FINANCE/ THE KOREA HERALD

September 6, 2023

South Korea has been seeking to enforce tighter fiscal rules that center on capping the deficit at 3 percent of the country’s gross domestic product.

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