The Korean government selected the world's second largest growth rate to 70% of GDP in 2026 by expanding its national debt to the IMF even after the coronavirus.
From 2020 to 2026, when the IMF'Financial Monitor' shows the post-corona economy, the increase in the national debt-to-GDP ratio of 35 advanced countries in the IMF averaged 1%P, but Korea reported on the 7th that it rose 21%P in 5 years.
In a report that summarized fiscal plans by 2026 submitted by governments, Korea increased by more than 20 times compared to the average of developed countries, ranking 2nd out of 35 countries, and Estonia ranked 1st (22.3%P).
The report shows that while countries have decreased their growth after increasing their fiscal spending in 2029 on Corona, Korea has gradually accelerated, rising 21 percentage points from 48.7% (D2) of national debt to GDP in 2020 to 69.7% in 2026.
'Yonhap News' reported in the IMF report with a D2 ratio, "From the 40% range from 2015 to 2020 to the 50% range in 2021-2022, surpassing 60% in 2023, and rising to 69.7% in 2026, 35 developed countries in the debt-to-equity ratio. 19th in the middle," he said. "This rise is only 23rd out of 35 developed countries, and is relatively good compared to other developed countries in terms of the speed of debt growth," he said. "The increase in debt ratio in 2026 compared to the end of 2019 (27.5% points) ) Is ranked third among developed countries, and some point out that it is concerned about a medium-term fiscal deterioration,” he reported on the 8th.
The'Chosun Ilbo' said, “There are concerns that if the national debt ratio rises to around 70% in the next five years, as the government envisioned, a demotion of the national credit rating will be inevitable.” There are not a few experts who point out that there is no precedent for maintaining a credit rating,” he reported on the 7th.
MBC said on the 8th In the article, “Korea’s finances still have enough room compared to other advanced countries. It is the lowest level among them,” he reported.
MBC reported on the Chosun Ilbo’s “2 thousand trillion won” report, “1 thousand trillion won civil servant pension, military pension” is given as “mostly money accumulated separately from civil servants and soldiers' salaries”. It means that it's not the money you have to pay back in taxes. Excluding this, the rest is 847 trillion won”.
MBC said about government bonds, “85% of government bonds are bought by Koreans. It means that most of the creditors are our citizens.” Through the words of a researcher Lee Sang-min (Nara Salim Institute), “It is money that the state borrows from the people and uses it for the people, and this is called'a debt that the people ought to repay.' It's a number game that doesn't mean anything. The conclusion is not that there is a misunderstanding, but (title) to do business" and "have enough room".