It looks like President Yoon is actually trying to be a conservative who actually wants to reduce spending unlike U.S. conservatives who only seem to care about cutting spending when they are not in charge:
President Yoon Suk Yeol vowed Tuesday to stick to a sound fiscal policy, strongly criticizing the preceding Moon Jae-in government for increasing national debts with reckless spending.
Yoon made the remark during a Cabinet meeting, pledging to reject temptations of spending for political purposes, as the government proposed a national budget of 656.9 trillion won (US$495 billion) for 2024, the slowest on-year growth since 2005.
“Due to the previous administration’s lax fiscal management, the national debts rose by 400 trillion won, and reached over 1,000 trillion won for the first time last year,” Yoon said in opening remarks at the Cabinet meeting.
Thanks to his administration’s efforts to achieve fiscal soundness, Yoon said the growth of national debts has markedly slowed, and the government will continue to stick to a sound fiscal policy for the sake of external credibility and price stabilization.
Yonhap
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