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Will South Korea reduce its budget deficit by the end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial reports from the South Korean Ministry of Economy and Finance
Story
South Korea Approves $471.5B 2025 Budget in Unprecedented Vote
Dec 10, 2024, 12:02 PM
South Korea's parliament has approved the 2025 government budget, reducing the proposed amount from 677.4 trillion won to 673.3 trillion won. The approved budget, equivalent to $471.5 billion, reflects cuts made during legislative deliberations. The decision, made in an unprecedented parliamentary vote, marks a significant adjustment to the initial government proposal.
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