PPP slams Lee's budget speech for overlooking N. Korea, economic concerns

What happened: The People Power Party criticized President Lee Jae Myung's budget speech for not addressing North Korea's threats and economic concerns, accusing his administration of excessive spending. Key numbers: Proposed record budget of 820.9 trillion won ($614.5 billion) for next year, a 12.8 percent increase from this year's budget, the highest growth rate on record. Why it matters: PPP lawmakers called the speech "the height of fiscal recklessness," while Lee pledged bold investment in AI and future growth industries and asked for bipartisan support for the budget.

The People Power Party criticized President Lee Jae Myung's budget speech for not addressing North Korea's threats and economic concerns, accusing his administration of excessive spending.

PPP lawmakers called the speech "the height of fiscal recklessness," while Lee pledged bold investment in AI and future growth industries and asked for bipartisan support for the budget.