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Role of fiscal spending

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KDI advises expansionary policy for pump-priming

The Korea Development Institute (KDI) called for an expansionary fiscal policy and accommodative monetary operations Wednesday to help boost the sagging economy. The state-run think tank's remedy came based on its diagnosis that "the nation's business cycle might be nearing a trough."

Concerning the formulation of the "super budget" of 513.5 trillion won ($433.8 billion) for next year, the KDI said the government was going in the right direction. "We think the budget proponents........

© The Korea Times