HomeAsiaSouth Korea's Lee urges prompt passage of $17 billion extra budget amid...

South Korea’s Lee urges prompt passage of $17 billion extra budget amid Middle East energy crisis

-

SEOUL, April ‌2 (Reuters) - South Korean President ​Lee Jae Myung on Thursday ⁠urged parliament to promptly pass a 26.2 trillion won ($17.3 billion) ​supplementary budget to shore up ‌the economy amid "the worst energy security threat" posed by the Middle ⁠East crisis.

"Even if ⁠the war ends tomorrow, it will take a considerable period of time for the destroyed ‌energy infrastructure facilities in the ⁠Middle East to ‌be restored and ​supplies to run as smoothly as before," Lee told ‌parliament in a televised ​speech.

Parliament is ⁠expected to pass the ‌extra budget by ⁠April 10.

The government plans to implement the budget as soon ​as it ‌is approved by parliament.

($1 = 1,521.6000 won)

(Reporting ⁠by Joyce ​Lee and Jihoon LeeEditing ​by Ed Davies)

tagreuters.com2026binary_LYNXMPEM310A2-VIEWIMAGE

tagreuters.com2026binary_LYNXMPEM310A3-VIEWIMAGE

tagreuters.com2026binary_LYNXMPEM310A5-VIEWIMAGE

Author

Stay Connected

1,800FansLike
259FollowersFollow
119FollowersFollow
1,263FollowersFollow
90,000SubscribersSubscribe

Related articles

Latest posts

Share on Social Media

spot_img