Tag: Defense budget

□ The government prepares the defense budget for 2022 at KRW 55,227.7 billion, a 4.5% increase from the main budget in 2021, and submits it to the National Assembly on September 3rd. If it is finally reflected as the government’s proposal, the increase rate of the current government’s defense budget will be an average of 6.5%. * (’18) 7.0% (’19)…

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