Korea records a fiscal deficit of $61.8 billion during the first 8 months of 2025
SEOUL, 16 October / WAM / The Ministry of Economy and Finance of the Republic of Korea announced today that the fiscal deficit exceeded 88 trillion won (61.8 billion US dollars) during the first eight months of this year.
The Korean Yonhap News Agency reported that, according to ministry data, the managed fiscal balance, a key measure of financial health calculated on a more stringent basis, recorded a deficit of 88.3 trillion won during the aforementioned period.
Total revenue saw a growth of 35 trillion won compared to the same period last year to reach 431.7 trillion won.
Tax revenues increased by 28.6 trillion won year-on-year to 260.8 trillion won, while total expenditures rose by 38.4 trillion won year-on-year to 485.4 trillion won.
The government had previously expected the deficit to meet the original annual target of about 111.6 trillion won by the end of the year.
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