{"id":21755,"date":"2025-11-16T02:10:55","date_gmt":"2025-11-16T01:10:55","guid":{"rendered":"https:\/\/dzwatch.dz\/?p=21755"},"modified":"2025-11-16T02:11:01","modified_gmt":"2025-11-16T01:11:01","slug":"south-korea-faces-second-largest-fiscal-deficit-since-2020","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=21755","title":{"rendered":"South Korea Faces Second Largest Fiscal Deficit Since 2020"},"content":{"rendered":"<p><strong>Seoul<\/strong> &#8211; South Korea has recorded its second-largest fiscal deficit since 2020 in the first nine months of 2025, according to the Ministry of Finance. The deficit exceeds 102 trillion won (approximately $70 billion USD).<\/p>\n<p>The budget deficit, considered a key indicator of financial health, reached 102.4 trillion won ($70.7 billion USD). This figure marks the highest deficit since September 2020, when it reached 108.4 trillion won.<\/p>\n<p>Total revenue increased to 480.7 trillion won ($331.7 billion USD), representing a rise of 41.4 trillion won ($28.6 billion USD) compared to the same period last year. Of this, 289.6 trillion won ($199.8 billion USD) was attributed to tax revenue.<\/p>\n<p>Overall expenditures totaled 544.2 trillion won ($375.5 billion USD), an increase of 51.9 trillion won ($35.8 billion USD). The government anticipates that the deficit will align with its annual target of approximately 111.6 trillion won ($76 billion USD) by year-end.<\/p>\n<p><em>DZWatch will continue to monitor this developing economic situation in South Korea.<\/em><\/p>\n<p><a href=\"https:\/\/dzwatch.dz\/?cat=44\">More News articles on DZWatch<\/a><\/p>\n<p><a href=\"https:\/\/dzwatch.dz\">DZWatch &#8211; Your News Portal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seoul &#8211; South Korea has recorded its second-largest fiscal deficit since 2020 in the first nine months of 2025, according to the Ministry of Finance. The deficit exceeds 102 trillion won (approximately $70 billion USD).<\/p>\n<p>The budget deficit, considered a key indicator of fi&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"cybocfi_hide_featured_image":"","iawp_total_views":6,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-21755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/21755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21755"}],"version-history":[{"count":1,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/21755\/revisions"}],"predecessor-version":[{"id":21757,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/21755\/revisions\/21757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/21756"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}