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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: South Korean parliament passes 2009 budget despite boycott AFP - 2 hours 59 minutes ago SEOUL (AFP) - - South Korea's ruling party pushed next year's budget through parliament on Saturday despite an opposition boycott, officials said. Legislators from the ruling Grand National Party (GNP) and two minor parties approved the 284.5 trillion won (207 billion dollars) budget for 2009, they said. "Next year's budget bill passed through the National Assembly," said Lee Dong-Kwan, spokesman for the presidential Blue House. "With the budget granted by the parliament, the government will overcome the unprecedented economic crisis at an early date," he said. He said the government would do its best to help create jobs and bolster the country's ailing small and medium-sized businesses. President Lee Myung-Bak will preside over a meeting of economic ministers on Sunday to discuss the economic crisis, he said. The opposition party has opposed the bill, calling for an increase in spending for low income earners and a cut in some engineering projects. The budget, up 10.6 percent from this year's estimated 257.2 trillion won, is aimed at boosting the economy in the face of a global financial crisis, the Ministry of Strategy and Finance said. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China Yanjing Brewery placement raises $164 mlnReuters - 55 minutes ago S.Korea vows cooperation with China, Japan on crisisReuters - 1 hour 14 minutes ago China Hainan Air to buy $344 mln of group assetsReuters - 1 hour 23 minutes ago German bourse opens office in Beijing: statementAFP - 1 hour 27 minutes ago Related Articles: Business China Yanjing Brewery placement raises $164 mlnReuters - 55 minutes ago S.Korea vows cooperation with China, Japan on crisisReuters - 1 hour 14 minutes ago Pakistani cenbank sells 13.5 bln rupees of T-billsReuters - 1 hour 16 minutes ago China Eastern names rival chief as directorReuters - 1 hour 18 minutes ago China Hainan Air to buy $344 mln of group assetsReuters - 1 hour 23 minutes ago Enlarge Photo South Korean parliament passes 2009 budget despite boycott Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed US carmakers mull options as White House vows aid US Senate fails to reach deal on auto bailout Autism, other disorders linked to post-natal factors: study Muslim pilgrims stone Satan at the hajj Sarcasm finds medical use in dementia detection View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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