Korea's budget minister on Thursday stressed the need to establish a "virtuous cycle" of proactive fiscal spending, economic growth and higher tax revenue, noting the government's proposed Future Fund could play a key role in achieving this goal. Budget Minister Park Hong-geun made the remarks during a parliamentary audit at the National Assembly, outlining the ministry's vision for pursuing proactive and effective fiscal management to lay the groundwork for growth. "We will establish a virtuous cycle in which proactive fiscal spending drives growth, which in turn generates higher tax revenue," Park said. "We will boldly overhaul spending structures to ensure the sustainability of the country's public finances," he added, describing the Future Fund as a critical tool for achieving this goal. The Future Fund, which the government plans to launch next year, will channel "windfall tax revenue" from the semiconductor boom into investments aimed at promoting sustainable economic growth. The government defines windfall revenue as tax receipts exceeding their long-term trend due to structural ec