The government will allocate 75% of next year's total budget in the first half. The aim is to sustain the economic recovery by concentrating fiscal input at the start of the year.
The Ministry of Economy and Finance said on the 9th that the Cabinet finalized the "2026 budget allocation plan," which includes these details. Budget allocation is the procedure that grants prior authority to use the budget so that each ministry can carry out contracts and other causative action of expenditure. Only after budget allocation is made can funds be assigned for actual project execution.
According to the Ministry of Economy and Finance (MOEF), of next year's total budget of 624.8 trillion won, combining the general and special accounts, 468.3 trillion won (75%) will be allocated in the first half.
Since the 2023 budget, the government has maintained a 75% first-half allocation ratio for four consecutive years. However, as the overall budget has steadily increased, the first-half allocation amount is at a record high.
The government plans to swiftly supply the funds needed for economic recovery, livelihood stability, and safety investment through early budget allocation.
Koo Yun-cheol, Deputy Prime Minister and Minister of the Ministry of Economy and Finance (MOEF), also presided over a fiscal execution review meeting at the Government Complex Seoul the previous day and said, "Please finalize the project plans in December so that key livelihood projects can be executed immediately from the first day of the new year."