Korea Logs Public Account Deficit For 5th Consecutive Year In 2024

Fahad Shabbir (@FahadShabbir) Published September 23, 2025 | 03:00 PM

Korea logs public account deficit for 5th consecutive year in 2024

SEOUL, (UrduPoint / Pakistan Point News / WAM - 23rd Sep, 2025) The Republic of Korea reported a public account deficit for the fifth straight year in 2024, central bank data showed Tuesday.

The country's public account shortfall came to 48.9 trillion won (US$35.06 billion) last year, compared with a 49.

1 trillion-won deficit logged in 2022, according to the preliminary data from the Bank of Korea (BOK).

The country has logged a deficit since 2020, reported Yonhap news Agency.

The public sector's total spending rose 2.6 percent on-year to 1,198.9 trillion won in 2024, while total income climbed 2.8 percent to 1,150 trillion won during the same period.

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