The South Korean government has approved an allocation of 86.7 billion won ($65 million) in reserve funds to support the Ministry of Oceans and Fisheries’ relocation to Busan by year-end, covering construction and moving costs as part of President Lee Jae-myung’s key policy pledges.
#YonhapInfomax #MinistryOfOceansAndFisheries #BusanRelocation #ReserveFunds #LeeJaeMyung #GovernmentBudget #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=77480
Government Allocates 86.7 Billion Won in Reserve Funds for Ministry of Oceans and Fisheries Relocation to Busan by Year-End

The South Korean government has approved an allocation of 86.7 billion won ($65 million) in reserve funds to support the Ministry of Oceans and Fisheries’ relocation to Busan by year-end, covering construction and moving costs as part of President Lee Jae-myung’s key policy pledges.

Yonhap Infomax
Democratic Party of Korea considers splitting Ministry of Economy and Finance, potentially including proposal in early presidential election pledges amid discussions on stricter reserve fund control
#YonhapInfomax #DemocraticParty #MinistryOfEconomyAndFinance #GovernmentRestructuring #PresidentialElection #ReserveFunds #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=53381

“The pilfering of the #ReserveFunds is a grave disservice to the #FilipinoPeople who depend on #PhilHealth for financial risk protection from #illness and who are still heavily burdened by out-of-pocket #HealthExpenditure." said the group of petitioners led by Senator Aquilino #KokoPimentel III

#Philippines

Pimentel-led group seeks to block P89B transfer of Philhealth fund to #NationalBudget
https://www.rappler.com/philippines/koko-pimentel-led-group-seeks-block-transfer-philhealth-fund-national-budget/

Pimentel-led group seeks to block P89B transfer of Philhealth fund to national budget

Finance Secretary Ralph Recto defends the transfer and says his agency is just doing what the law empowers them to do

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