Korean Government Deb t To Hit Highest Levels in 2015
D-bo, Sept. 19, 2014, 8:02 a.m.
Korea's national debt is expected to hit a record high next year. The finance ministry says the government will be in the red to the tune of US$546 billion in 2015. That will amount to nearly 36 percent of the country's gross domestic product.
The government is also projected to log a $32 billion fiscal deficit next year, equal to 2.1 percent of GDP. This is 0.4 percent higher than its initial forecast of 1.7 percent.