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Budget minister nominee emphasizes fiscal policy amid rising oil prices

Budget Minister nominee Park Hong-keun on Tuesday called for an active role of fiscal policy in responding to external shocks, citing heightened uncertainty stemming from Middle East tensions that have kept oil prices elevated. "Rising oil prices could push socially and economically vulnerable groups into crisis," Park said in opening remarks at a policy meeting. "Fiscal policy must play an active role in responding to external shocks." [...]