Politics · Planned · 3 sources combined
821 trillion won budget bill submitted
Semiconductor tax revenue funds 162 trillion
D-25 Deadline December 2 · Legal deadline for National Assembly processing of budget bill
In short
President Lee Jae-myung explained next year's budget bill to the National Assembly on November 2.
Next year's budget is 820.9 trillion won, the largest ever.
A new fund will be created with 162.3 trillion won in additional tax revenue from the semiconductor boom.
Key facts
| When | Delivered a policy speech at the National Assembly plenary session on November 2, 2026. |
|---|---|
| Who | President Lee delivered his fourth budget policy speech since taking office. |
| What | The 2027 budget bill is 820.9 trillion won, an increase of 93 trillion won (12.8%) from this year. |
| How | The National Assembly will begin budget committee questioning on the 4th or 5th and must process it by the legal deadline of December 2. |
What it means for me
It is important to monitor how the tax revenue will be spent on housing, jobs, consumer finance, and investments in youth and local regions.
