People's Power Han Dong-hoon said the introduction of "fiscal rules" is necessary to give consistency and accountability to fiscal management, stressing that he will do his best to ensure that fiscal rules are legislated at the National Assembly.CEO Han
wrote on his SNS, saying that there are already voices concerned about pork-barrel budgets or note budget practices that hinder fiscal efficiency and transparency when next year's budget deliberations are in full swing.A representative
noted that inefficient fiscal use practices eventually harden into deficit-biased fiscal management, severely threatening fiscal sustainability in the long run.
To become a true welfare state and grow to do so, he said, "We should spend our finances well in the right place," adding, "Let's not spend money," but "Let's spend money properly."
Fiscal rules refer to the enforcement of the law so that the limit of national debt or fiscal balance does not exceed a certain level in order to maintain fiscal soundness.
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