Gov't proposes record $595 bil. budget for 2027
The budget minister on Tuesday proposed a record 820.9 trillion won ($595 billion) budget for 2027. Budget Minister Park Hong-geun unveiled details of the proposal during a Cabinet meeting, with the amount marking a 12.8 percent rise from the 2026 budget. Park also announced the launch of a 162.3 trillion-won Future Fund, which aims to use recent sharp tax gains for "productive expenditures."
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- Gov't proposes record $595 bil. budget for 2027 koreatimes.co.kr
- Gov't proposes record 820.9 tln-won budget for 2027 en.yna.co.kr
