I would like to relate this to the importance of re-composing fiscal expenditure to make it better targeted, especially to address the infrastructure gap. 27. It is true that the structure of fiscal expenditure which prioritizes subsidy and routine spending contributes to the resilience of domestic demand, such that economic growth can remain equally stable across the whole regional territories.
However, the pace of their increase has become moderate due to effects of the slowdown in overseas economies. The effects of the slowdown in overseas economies are particularly apparent in exports of ITrelated goods such as semiconductor manufacturing equipment.