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South Korea finance minister says budget frontloading gave 0.2 percentage point boost to GDP


SEOUL (Reuters) - South Korea's Finance Minister Yoo Il-ho said on Monday in parliament that budget frontloading likely lent a 0.2 percentage point boost to GDP growth for this year.

Yoo's comment was made in response to a question on the effectiveness of budget frontloading. The government had planned to frontload roughly 60 percent of the annual spending budget in the first half of the year to spur growth.

(Reporting by Christine Kim; Editing by Jacqueline Wong)