[세종=아시아경제 손선희 기자] It is expected that the government will soon reveal the economic policy direction for the second half of the year, including various measures to stimulate domestic demand. It is highly likely that the second supplementary budget plan to pay the second disaster subsidy will also be announced along with the economic policy direction.
According to the government on the 20th, the Ministry of Strategy and Finance is in the final stages of preparing the economic policy direction for the second half of the year. The government has announced a ‘credit card cashback’ policy as one of the measures to stimulate consumption. At a regular briefing on the emergency economy major on the 18th, First Vice Minister of Strategy and Finance Lee Won Lee said, “We are thinking of a method of cashback in the form of a refund of a certain percentage of the amount of credit card used in excess of the normal increase compared to the time of comparison in the past.” said.
Next week, the Bank of Korea will release the ‘Financial Stability Report’ that shows the current status of household and corporate debt. In addition, the latest indicators such as producer prices in May and population trends in April will also be announced.
On the 22nd, the BOK plans to release the ‘Financial Stability Report (as of June)’ containing the status and characteristics of credit (debt) in the private sector such as households and businesses. According to the same report released at the end of last year, as of the end of the third quarter of last year, credit in the private sector stood at 211.2% of nominal gross domestic product (GDP). It was the highest level since 1975, when related statistics began to be compiled.
The report pays attention to how much more private sector debt will rise during the first half of this year. This statistic is expected to affect the central bank’s adjustment of the base rate in the future.
On the same day, the BOK also announces the May Producer Price Index. Earlier, the producer price index in April was 107.68 (2015 level of 100), 0.6% higher than in March (107.04), which has risen for six consecutive months since November last year, and this upward trend is expected to continue.
The National Statistical Office will release the ‘April Population Trend’ on the 23rd, an index that can look at trends such as births and deaths, marriages and divorces. Population decline is becoming a social problem in a situation where the low birth rate and aging trend continue.
According to the demographic trend as of March, the number of births nationwide in the first quarter was 75,519, down 3133 (-4.3%) from the same period last year. It is the lowest figure as of the first quarter since 1981, when related statistics began to be compiled. The population has continued its record of natural decline for the 17th consecutive month through March.
Sejong = Correspondent Son Seon-hee [email protected]
Source: 아시아경제신문 실시간 속보 by www.asiae.co.kr.
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