Topic
Budget and tax-revenue management decisions by South Korea's Ministry of Planning and Budget, including how windfall receipts are treated.
The 20.79% share of domestic taxes goes away after 55 years. Grants will track nominal growth with demographic decline counted at 35%, and the gap flows to a new Future Response Fund.
Reality
Japan, the UK and the US are all paying more to borrow. Korea's revenue upgrade rests on a semiconductor cycle, while mandatory spending is set to grow 5.9% a year regardless.
Reality
Seoul plans to divert tax revenue above its long-term trend into a new state fund, starting with more than 60 trillion won next year. Governance, not size, decides what it becomes.
Reality
The Future Response Fund would bank internal tax revenue above a 6.1 percent trend line, and the education grant's automatic 20.79 percent claim on that revenue looks set to go.
Reality