(EDITORIAL from Korea Herald on Feb. 22)

(EDITORIAL from Korea Herald on Feb. 22)

Unrealistic promises
Candidates promise big-budget pledges amid surging fiscal deficit, national debt

Major presidential candidates are making a series of costly campaign pledges. But they remain vague about how the required budget could be secured amid ballooning fiscal deficits and national debts.
Worse, both ruling and opposition parties agreed to pass an extra budget designed to help small businesses hit by COVID-19 on Monday, which will add to the fiscal shortfall.Big-budget campaign pledges look enticing for both candidates and voters, but if such plans go ahead without securing specific sources of funding, the pressure will mount on the government to issue […]

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