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    "headline": "South Korean President Lee to Approve 800 Trillion Won Budget",
    "dek": "President Lee Jae Myung will preside over a Cabinet meeting to approve the 2027 government budget proposal.",
    "prose": "President Lee Jae Myung was set to preside over a Cabinet meeting on Tuesday to review and approve the government's budget proposal for next year. [^1]\n\nThe Lee government is seeking to draw up a budget exceeding 800 trillion won (US$584.1 billion) for next year, up 10 percent or more from this year. [^2]\n\nPresident Claudia Sheinbaum Pardo presented her second government report on September 1, 2026, at the Patio de Honor of Palacio Nacional. [^3]\n\nBy law, the government is required to submit its budget proposal to the National Assembly at least 120 days before the start of next year, making Thursday this year's deadline. [^4]\n\nThe budget increase is amid expectations of increased tax revenue stemming from a semiconductor boom. [^5]\n\nSheinbaum aims to reduce privileges, combat corruption, and direct public spending toward social programs, infrastructure, and services. [^6]\n\nSheinbaum stated that her government is transforming the public life of Mexico with the goal of bringing well-being to all citizens. [^7]\n\nThe administration governs under the principles of honesty and republican austerity, prioritizing public resources for the population. [^8]",
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