2027년도 예산안 ‘800조+α’…올해 견줘 10% 이상 늘어

South Korea's 2027 budget plan is set to be an unprecedented '800 trillion won + alpha' allocation, with a 10% or greater increase from the current year, according to government and ruling party sources. President Yoon Suk-yeol emphasized the importance of ensuring this additional financial resources generate more returns in the future.

The budget, projected to exceed 800 trillion won for the first time, was discussed in a joint session at the National Assembly on the 25th. The Ministry of Planning and Budget's secretary-general, Park Hong-guen, highlighted the need to address structural low growth and encourage a rising trend in growth rates, benefiting all generations and regions.

The focus on future growth engines like AI, semiconductors, aerospace, and bio technology is expected to significantly boost growth rates. The 2027 budget plan includes investments in AI, aerospace, and biotech industries, as well as support for young entrepreneurs, vulnerable populations, and regional development. Additionally, the plan includes measures to strengthen national safety and address the K-type polarization issue.

The government will also provide assistance for the development of frontier AI models and self-driving vehicles. The budget plan also introduces a new fund for internships during university, allowing students to receive credit for their work experience. Furthermore, measures to support "anchor companies" in transferring their investments to local areas are included.

The release of additional revenue from the future response fund will be determined in the upcoming budget negotiation process.