Korea's national debt this year is expected to surpass 400 trillion won for the first time.
The finance ministry projects the nation's debt to reach 407.2 trillion won or about 348 billion US dollars by December about 36 percent of the GDP forecast for 2010.
Taking into account the debt of state-run enterprises the total debt level is expected to hit 584 trillion won or nearly 52 percent of this year's GDP.
But this is still far less than other G20 nations that hold an average sovereign debt of 75 percent of GDP.
Korea's current budget deficit is around 2.8 percent of its GDP also below the ten-percent level seen in Greece and the United Kingdom.
FEB 09, 2010
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Friday, SEP 03, 2010, (KST) 
