Page content
Taxpayer-funded deficit-financing debt to exceed 1,300 trillion won by 2030
Deficit-financing debt, which must be repaid through public tax revenues, is projected to surpass 1,300 trillion won by 2030. As the national debt swells, annual interest expenses are also expected to exceed 50 trillion won. According to the Ministry of Planning and Budget on the 6th, deficit-financing debt next year will reach 1,117.1 trillion won, up 91.9 trillion won from 1,025.2 trillion won under this year's supplementary budget. [...]