Q+A-S.Korea assembly to miss budget deadline; reforms at risk

Newswire

By Jack Kim SEOUL, Nov 30 (Reuters) - South Korea's parliament is nearly certain to miss a Dec. 2 deadline to approve next year's budget, putting at risk the government's plan to spend proportionately more in early 2010 to keep recovery in Asia's fourth largest economy on track. Following are some questions and answers about what happens if parliament fails to put the 290 trillion won ($247 billion) budget to a vote by the statutory deadline. The new budget year starts on Jan. 1. WHAT ...

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