South Korea's finance ministry said Tuesday that it will maintain its expansionary macroeconomic policy, at least for now, to speed up its economic recovery.

"Based on our evaluation of the economy, the government led an active fiscal policy to ease contraction, strengthening the country's economic growth last year," the Ministry of Strategy and Finance was quoted as saying by Yonhap News Agency in a report assessing Minister Yoon Jeung-hyun's first year in office and drawing up his policy direction for the upcoming year.

"To further boost the country's economic recovery, we will maintain an expansionary macroeconomic policy for the time being, which will also enhance our crisis-management ability," said the ministry.

The report comes as the nation's central bank is about to hold a meeting to set its key interest rate, which has been maintained at a record low of 2 percent for 11 straight months, Yonhap news agency said.

South Korea has been reluctant to start the so-called exit strategy, calling it "premature" to do so when the country's economy has not solidly gained ground yet.

"By frontloading budgets and easing financial policy stances, we will be able to establish a solid foundation for an economic recovery," the ministry said, according to Yonhap.

In addition, the ministry said in the report that its long-term goal is to reform South Korea's economic structure by reducing its reliance on exports, increasing domestic demand, and controlling household and corporate debts, which will prevent the country from being easily affected by overseas economic collapses, Yonhap reported.

Despite a global economic downturn, South Korea has seen a 0.2 percent growth last year, led by its heavy exports, and this year the government said it expects to see a 5 percent expansion.