Welfare ₩148.8tn, National Debt ₩1,519.8tn — What Is the 48.3% Ratio Divided By?
We separate the two ways of counting the welfare ministry's budget, and correct the denominator of the national debt ratio to nominal GDP. We hold back judgment on why the ratio falls until the official GDP assumption can be checked, and we found no confirmed evidence that the future response fund caused the ₩106 trillion rise in debt.
