The government will make the effective management of the macroeconomy its first priority in order to successfully deal with internal and external risks, continue to help boost the economy, and pursue inclusive growth.

1. Improving macroeconomy The government will thoroughly monitor internal and external uncertainties by upgrading its early warning systems, and will regularly examine macroeconomic soundness through the Macroeconomic Financial Meetings. Easing capital flow volatility and soft-landing for household debt will be major issues in 2013.

2. Boosting economy The government will front-load budget spending and flexibly manage fiscal resources to help the economic recovery, along with deregulation to boost private investment. The housing market recovery will continue to be a main concern.

3. Promoting inclusive growth The government will stabilize basic necessities prices, promote job creation for youths, women and baby boomers, help small- and medium-sized enterprises (SMEs) and the self-employed to enhance their capabilities, and work for shared growth between large enterprises and SMEs. The current welfare programs will be improved to provide the most adequate services.

* Source : Ministry of Strategy and Finance and Korea Development Institute, Economic Bulletin Vol.35 (January 2013).
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