SEOUL, 23rd September, 2025 (WAM) -- 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.