South Korea should strengthen its fiscal health to brace for growing welfare demand from the nation's fast-aging population and protracted low birth rates, the top economic policymaker said Monday. "Low birth rates and aging population could result in decreasing the number of economically active people and hiking welfare spending, all of which could undercut the nation's growth potential and worsen its fiscal status," Finance Minister Bahk Jae-wan told a gathering in Seoul.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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