ㅇ In 2023, the total revenue of the public sector (including the general government sector, non-financial public corporations, and financial public corporations) recorded 1,106.7 trillion won, a decrease of 11.5 trillion won from the previous year’s total of 1,118.2 trillion won (a 1.0% decrease).

ㅇ Total expenditures of the public sector were 1,153.1 trillion won in 2023, decreasing by 23.8 trillion won from the previous year’s total of 1,176.9 trillion won (a 2.0% decrease).

⇒ Net lending (total revenue minus total expenditures) in the public sector recorded a deficit of 46.4 trillion won, with the deficit narrowing compared to the deficit in the previous year (58.7 trillion won).