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Recorded event

Recorded event

Cabinet approves the 2027 budget proposal

The Cabinet approved the government budget proposal for 2027 together with its medium-term fiscal management plan.

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Cabinet approval is one stage in the budget process. This milestone does not mean the National Assembly enacted the proposal.

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Korea Policy BriefingPrimary record

Korea Policy Briefing source record

www.korea.kr

Primary source. Original source-linked synthesis. Separate documents from this publisher are not independent corroboration.

Published: 9/1/2026
Source checked: 9/20/2026

Revision 1 / Reviewed 9/20/2026

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South Korea's 2027 budget proposal: from policy direction to ministry plans