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    "headline": "South Korea Unveils Record $597 Billion 2027 Budget Amid Expansionary Fiscal Policy",
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    "prose": "Budget Minister Park Hong-keun announced the 2027 budget proposal and 2026-2030 National Fiscal Management Plan on 2026-08-28. [^1]\n\nThe 2027 budget proposal totals 820.9 trillion won ($597.27 billion), a 12.8% increase from this year’s main budget. [^2]\n\nThe national debt is expected to exceed 1500 trillion won in 2027, specifically reaching 1519.8 trillion won. [^3]\n\nThe national debt is projected to reach 1734 trillion won by 2030. [^4]\n\nThe South Korean government announced the 2027 budget and the 2026-2030 National Fiscal Operation Plan on September 2, 2026. [^5]\n\nTotal government spending is projected to increase to 820.9 trillion won in 2027, representing a 12.8% rise from the 2026 budget. [^6]\n\nPresident Lee Jae-myung stated the budget aims to expand economic growth during a period of potential decline. [^7]\n\nThe budget allocates 289 trillion won to health, welfare, and employment, maintaining this year’s social safety net focus. [^8]",
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