Teachers, could you check my translation? ♡

Hi, teachers ?.?

I started to translate this editorial long ago but didn’t finish it yet, and below is the fifth paragraph out of six T.t

This article is criticizing the Korean government that already spent a lot of money and still is planning to spend more money to revitalize the nation’s economy which was hit hard due to the coronavirus pandemic. The writer is against the Moon Jae-in administration’s policies because the measures to minimize the impact of COVID-19 can add liquidity but harm the fiscal health also. The editorialist draws a comparison between Germany and Italy to support his point!

So teachers, please give some advice on it

South Korea’s principle in managing finances has been more like Germany. All the governments before have set a goal to maintain fiscal soundness when applying policies. It was the nation’s fiscal health that enabled Korea to overcome the Asian financial crisis in 1997 and the global financial crisis of 2008 fast, and that made it possible for the nation’s sovereign credit rating to be put above that of Japan for the first time in 2012. However, the country is beginning to resemble Italy after Moon Jae-in administration. A balanced budget is put on the back burner and the president himself orders that we abolish the defense line of 40% of debt to GDP. Saving tax is considered to be behind the times, splashing out taxpayers’ money becomes virtuous, and populist policies are pouring with little thought of financial resources. Blatant vote-buying by splurging tax is flourishing. In the age of COVID-19, the government and politicians are in the lead in blowing cash indiscreetly to the people rather than help people and businesses hit hard by the pandemic. I even doubt whether the government wants to reduce the national debt after this health crisis.