The government's debt paid off instead with low-income financial products, exceeding 1 trillion won

The government's debt paid off instead through policy financial products to support the common people has already exceeded 1 trillion won this year.

According to the data submitted by the Korea Inclusive Finance Agency to the office of Rep. Lee Kang-il of the Democratic Party of Korea, the subrogation amount of policy-based financial products was 1.551 trillion won as of the end of August.

Among all policy financial products, the subrogation amount of "Sunshine Loan 15," which supports the lowest credit, was the highest at 359.1 billion won, and the subrogation rate reached 25.3%.

In addition, the delinquency rate of micro-living loans introduced to prevent vulnerable groups from going to illegal private finance was 26.9% as of the end of August, up 16.2 percentage points from the end of last year.