[Asia Economy Reporter Joo Sang-don] On the afternoon of the 25th, the government held the '2020 National Fiscal Strategy Meeting' at the Blue House State Guest House, presided over by President Moon Jae-in, to discuss next year's budget and medium-term fiscal management directions. The National Fiscal Strategy Meeting is the highest-level decision-making meeting in the fiscal sector held annually since 2004.
At the meeting, Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki gave a presentation on 'Fiscal Management Directions for Overcoming the Crisis and Economic Leap,' followed by discussions among all Cabinet members including Prime Minister Chung Sye-kyun, as well as key figures from the ruling party and the Blue House.
Through his presentation, Deputy Prime Minister Hong plans to emphasize the active role of fiscal policy for early crisis resolution and proactive response in the post-COVID-19 era, while explaining management directions for medium- to long-term fiscal soundness, including fiscal balance and national debt.
An official from the Ministry of Economy and Finance stated, "The contents discussed on this day will be actively reflected in the preparation of this year's third supplementary budget and next year's budget, as well as the establishment of the 2020-2024 National Fiscal Management Plan."
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