Ministry of Economy and Finance to allocate 75% of budget for the first half of next year

75% of next year's government budget was allocated in the first half of the year.

The Ministry of Strategy and Finance said at a Cabinet meeting that the 2025 budget allocation plan has been finalized.

Of next year's expenditure budget of 574.8 trillion won, 431.1 trillion won was allocated in the first half.

The allocation rate for the first half of the year is 75% following last year and this year.

Budget allocation is to grant the right to use the budget for each department, and it is executed through fund allocation procedures.

The Ministry of Economy and Finance has allocated 75% of the total expenditure budget in the first half to revitalize the nation's economy and support the rapid execution of the budget, adding that it will be thoroughly prepared to be executed in a timely manner from the beginning of the year.