[2025년 예산안]
Civil servant wages increase 3%, largest increase in 8 years
The government’s defense budget for next year has been set at 61.6 trillion won. This is a 3.6% increase from this year (59.4244 trillion won). If it passes the National Assembly, it will be the first time in five years that the defense budget has reached 50 trillion won in 2020 (50.1527 trillion won).
The monthly salary of a private will increase from 1.25 million won this year to 1.5 million won next year. The asset formation fund, the ‘Private Tomorrow Preparation Support Fund’, will also increase from 400,000 won this year to 550,000 won next year, and including this, the total salary of a private will be 2.05 million won. ‘Private salary of 2 million won’ is President Yoon Seok-yeol’s presidential campaign promise.
6.16 trillion won will be invested in strengthening the ‘Korean 3-axis system’ to respond to North Korea’s nuclear weapons. This will include additional introduction of F-35A stealth fighters, which are the core of the Kill Chain (preemptive strike) among the 3-axis systems, securing reconnaissance and strike drones for special brigades, which are the core of the Korea Massive Punishment and Retaliation (KMPR), and improving the performance of the Cheolmae-2, which has the ability to intercept ballistic missiles. The Korean fighter KF-21 (Boramae) will also be mass-produced for the first time starting next year.
The budget for improving housing facilities for military families and junior officers will increase significantly from 526 billion won this year to 786.3 billion won next year. The Ministry of Patriots and Veterans Affairs has allocated 9.7 billion won for nationwide commemorative events utilizing new technologies such as drones and the construction of a Liberation Memorial Hall to mark the 80th anniversary of liberation next year. The Ministry of Unification has compiled a budget plan that includes a significant increase in the initial settlement support fund for North Korean defectors from the current 10 million won to 15 million won next year.
Meanwhile, next year’s civil servant wages, regardless of rank, including the president, will rise by 3% compared to this year. This is the largest increase in eight years since 2017 (3.5%). The government explained that this reflects the accumulated inflation, the wage increase rate that has been suppressed during the pandemic, and the wage gap with the private sector.
Military expert reporter Yoon Sang-ho [email protected]
Sejong = Reporter Sosulhee [email protected]
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2024-08-28 16:32:39