The scale of the supplementary budget has increased by 13 trillion won during the National Assembly discussion process, resulting in a corresponding increase in the issuance of Government Bonds.
On the 4th, the National Assembly held a plenary session to handle the second supplementary budget for 2025, increasing the scale of programs such as the livelihood recovery support fund by 24 trillion won and adjusting the fund projects by decreasing them by 11 trillion won compared to the government's proposal.
With this second supplementary budget, total expenditure will increase by 16.2 trillion won to 703.3 trillion won compared to the first supplementary budget of 687.1 trillion won. Total revenue will decrease by 10.4 trillion won to 642.4 trillion won compared to the first supplementary budget of 652.8 trillion won. The government reflected the decrease in tax revenues by making adjustments to the revenue plan while preparing this second supplementary budget.
The government initially planned the issuance of Government Bonds at 19.8 trillion won. However, as the scale of the supplementary budget expanded during the National Assembly review process, the issuance of Government Bonds increased to 21.1 trillion won.
After the second supplementary budget, the scale of government debt will increase to 1301.9 trillion won, which is an increase of 13 trillion won compared to the government proposal of 1300.6 trillion won and an increase of 21.1 trillion won compared to the first supplementary budget of 1280.8 trillion won.
The ratio of government debt to gross domestic product (GDP) is 49.1%, which is an increase of 0.1 percentage points compared to the government proposal of 49.0% and an increase of 0.7 percentage points compared to the first supplementary budget of 48.4%.