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Korea's medium-term debt outlook shows improvement, says IMF report

Published: 16 Apr. 2026, 14:48

The International Monetary Fund logo is seen outside the headquarters building in Washington in 2018. [REUTERS/YONHAP]

Korea's medium-term debt outlook has improved slightly compared with previous projections, an International Monetary Fund (IMF) report said Thursday.

The report, released by Seoul's Finance Ministry, projects the country's national debt-to-GDP ratio to reach 61.7 percent by 2030, down 2.6 percentage points from the previous estimate of 64.3 percent made in October last year.

Projections for 2026 through 2029 were also revised downward by 2.3 to 2.6 percentage points compared with earlier forecasts.

The ministry noted that the IMF raised its nominal GDP growth forecasts for Korea to 4.2 percent for 2025 from 2.1 percent, and to 4.7 percent for 2026 from 2.1 percent.

The revised estimates reflect the positive effects of the Seoul government's performance-based and strategic fiscal management, the ministry said.

The IMF publishes its fiscal monitoring report twice a year, in April and October, providing comparative analysis and projections.

Yonhap