The government will increase spending next year, based on sound tax revenues. Seoul's finance chief announced at a public finance forum Thursday the plans designed to support growth and create more jobs. The ministry earlier projected a budget increase of 5-point-7 percent, but now plans to increase spending by a further 2 percentage-points. Kim Dong-yeon explained, tax revenues will increase by around 53-point-2 billion U.S. dollars over the next 5 years. He stressed the importance of the government’s role in using the budget to boost the sluggish economy and address widening income disparity.