Seoul, November 15 (QNA) - South Korea’s finance ministry announced today that the country’s fiscal deficit exceeded 102 trillion won, or $69.4 billion, during the first nine months of 2025.

Ministry data showed that the managed fiscal balance, a more stringent measure of fiscal health, recorded a deficit of 102.4 trillion won in the same period, making it the second-largest deficit recorded for the January-September period since 2020.

Regarding revenue, the country saw growth of 41.4 trillion won compared to the same period last year, bringing total revenue to 480.7 trillion won, of which 289.6 trillion won was tax revenue, an annual increase of 34.3 trillion won.

Expenditure, however, rose by 51.9 trillion won to 544.2 trillion won during the first nine months of the year.

The South Korean government had previously projected that the deficit would meet its original annual target of approximately 111.6 trillion won by year-end. (QNA)