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韩去年公共部门赤字近49万亿韩元
Shang Wu Bu Wang Zhan·2025-10-09 16:55

Core Insights - The Bank of Korea reported a public sector budget deficit of 48.9 trillion KRW for the previous year, marking five consecutive years of deficits [1] - The primary reason for the deficit is the decline in corporate income tax revenue due to the sluggish semiconductor market, while total expenditures continue to rise due to increased health insurance and pension costs [1] Government Deficits - The central government deficit expanded to 76.5 trillion KRW compared to the previous year [1] - The local government deficit increased from 5.8 trillion KRW to 11 trillion KRW [1] - The social security fund achieved a record surplus of 50.1 trillion KRW due to increased insurance fees and contributions [1] Overall Financial Health - The overall deficit of the general government equates to approximately 375 million USD, representing -1.5% of GDP, which is the largest since 2020 but still better than the OECD and Eurozone averages [1] Public Enterprises - The deficit for non-financial public enterprises significantly decreased to 16.2 trillion KRW due to falling international raw material prices [1] - Financial public enterprises saw a reduction in surplus from 7.3 trillion KRW to 4.8 trillion KRW despite increases in both revenue and expenditure [1] - The Bank of Korea indicated that the deficits over the past two years are primarily influenced by reduced corporate tax revenue and should not be interpreted as a structural deficit [1]