ID :
201253
Mon, 08/15/2011 - 05:44
Auther :
Shortlink :
https://oananews.org//node/201253
The shortlink copeid
Lee says S. Korea should guard against welfare populism
SEOUL (Yonhap) - President Lee Myung-bak said Monday South Korea should guard against welfare populism, saying it could lead to national bankruptcy.
"Competitive welfare populism by lawmakers brought about national bankruptcy. We have to avoid repeating the same mistakes," Lee said during his Liberation Day speech. "If the state budget is depleted, it would be impossible to continue implementing welfare policies."
Lee also pledged to do the "utmost to realize a balanced budget by 2013 when my term in office comes to an end."
"Competitive welfare populism by lawmakers brought about national bankruptcy. We have to avoid repeating the same mistakes," Lee said during his Liberation Day speech. "If the state budget is depleted, it would be impossible to continue implementing welfare policies."
Lee also pledged to do the "utmost to realize a balanced budget by 2013 when my term in office comes to an end."
