SEOUL, April 18 (Reuters) - South Korean President Yoon
Suk Yeol on Tuesday reaffirmed his administration's commitment
to enhancing fiscal soundness, calling reckless spending as
"exploitation of future generations".
"It is exploiting future generations if we pass on the
unbearable pain to them through reckless fiscal spending," Yoon
said at the beginning of a cabinet meeting, while stressing the
need for strict control of fiscal spending.
He said government debt rose by about 400 trillion won
($303.08 billion) during five years under the previous
government, referring to a 55% rise in debt between 2016-2021
mainly due to spending growth to fight the COVID-19 pandemic.
($1 = 1,319.8000 won)
(Reporting by Choonsik Yoo; Editing by Kim Coghill)
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