2025 South Korea's budget rises 3.2% to 677.4 trillion won, with increased spending on health, welfare, education, and R&D; defense budget up 3.6%.

South Korea's 2025 government budget is projected to grow by 3.2% to 677.4 trillion won (US$509.71 billion), with increased spending on health, welfare, and employment, education, and research and development. The defense budget is set to rise by 3.6%. The government aims to balance fiscal health with efforts to promote growth, while managing public debt and supporting monetary policy in curbing inflation. The national debt is expected to reach 1,277 trillion won in 2025.

August 27, 2024
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