2020 Supplementary Budget Passed
Supplementary Budget Passed, New Spending Revised Up
to 10.9 Trillion won
A total of 11.7 trillion won worth of the 2020 supplementary budget has been passed with new spending revised up and revenue adjustment revised down.
New spending: 8.5 trillion won (proposed) + 2.4 trillion won (revised up) = 10.9 trillion won
Revenue adjustment (borrowings): 3.2 trillion won – 2.4 trillion won (revised down) = 0.8 trillion won.
1. 2020 Supplementary Budget passed
(trillion won, %)
|
|
2019
|
2020
Original
|
2020 Supplementary
|
Change (B-A)
|
|
Original
|
Supplementary
|
Proposed (A)
|
Passed (B)
|
|
Total Revenues
(y-o-y, %)
|
476.1
(6.5)
|
476.4
(6.5)
|
481.8
(1.2)
|
479.2
(0.7)
|
481.6
(1.2)
|
-2.4
|
|
Total Expenditures
(y-o-y, %)
|
469.6
(9.5)
|
475.4
(10.9)
|
512.3
(9.1)
|
520.8
(10.9)
|
523.1
(11.4)
|
2.4
|
|
Consolidated Fiscal Balance without Funds
(% to GDP)
|
-37.6
(-1.9)
|
-42.3
(-2.2)
|
-71.5
(-3.5)
|
-82.0
(-4.1)
|
-82.0
(-4.1)
|
-
|
|
Government Debt
(% to GDP)
|
740.8
(37.1)
|
731.5
(37.2)
|
805.2
(39.8)
|
815.5
(41.2)
|
815.5
(41.2)
|
-
|
2. Changes
Budgets revised up
- Disease prevention and treatment
- Loans and guarantees for businesses affected
- Support for households affected
- Support for local economies affected
Please refer to the attached pdf
