Seoul:South Korea's budget ministry announced plans to initiate an early review of spending restructuring measures in November for the 2028 budget proposal. This move is part of a broader effort to enhance spending efficiency.

According to Yonhap News Agency, the Ministry of Planning and Budget has already incorporated 88 measures to cut spending by 44.2 trillion won (US$33.4 billion) into the 2027 budget proposal. Budget Minister Park Hong-geun emphasized the aim to eliminate inefficient spending more promptly and precisely in 2027 during a meeting of the Fiscal Management Strategy Committee.

The ministry plans to begin identifying tasks in November and will expand participation by involving private-sector experts and civil society groups. Additionally, the budget ministry intends to utilize artificial intelligence (AI) technologies to identify and analyze potential tasks. This includes reviewing issues raised by the National Assembly, the audit board, and the press, and developing reasonable solutions by examining similar cases abroad.