National Assembly passes budget bill (The Korea Times)

The rival parties passed the budget bill for next year, Thursday. The budget for fiscal year 2016 was set at 386.4 trillion won ($333 billion), down 300 billion won from the 386.7 trillion won the government proposed in September. This year’s budget was 375.4 trillion won. Administrative and defense spending were cut by 1.4 trillion won…

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