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South Korea’s finance minister convened an expanded fiscal and financial meeting on 30 September ahead of parliamentary deliberations on the next budget. Officials said the revised 2026 tax forecast was KRW63.2 trillion above the amount included in the previous supplementary budget, citing a faster recovery and strong semiconductor performance.
Participants backed directing the additional revenue toward housing, employment and financial support for low- and middle-income households. They also discussed possible government-bond buybacks or lower issuance to help stabilise rising yields; the statement describes policy intentions, not completed spending.