By October this year, the deficit of national living was 76 trillion...The 3rd time ever.

2024.12.12. PM 1:43
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By October this year, the country's budget deficit was 76 trillion won, the third largest ever.

The Ministry of Strategy and Finance said the managed fiscal balance, which shows the government's actual fiscal status, was in deficit of 75.7 trillion won until October this year, up 23.5 trillion won from the same period last year.

After 90.6 trillion won in 2020 and 86.3 trillion won in 2022, it is the third largest in cumulative total until October.

The government's forecast for this year's managed fiscal deficit is 91.6 trillion won.

As of the end of October, the balance of central government debt was KRW 115.5 trillion, up KRW 6.8 trillion from a month ago.

The government expects the central government's annual debt to be below the expected KRW 1,163 trillion.



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