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South Korea plans record 820.9 trillion won ($599.5 billion) budget for 2027, up 12.8%, driven by chip tax windfall for AI, strategic industries and social programs
South Korea's government spending for 2027 is set to be the fastest increase on record. Under its medium-term fiscal plan, annual spending is projected to surpass 1,000 trillion won for the first time in 2030, reaching 1,005.2 trillion won, while national debt rises to 1,734.1 trillion won.
Source：Korea Herald商业 · Source Link
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