Korean Government Raises Spending By Nearly 13% Due to Surge in Revenue from Increased Chip Sales

According to the article at least they are not spending all the increased tax revenue money, but doesn’t say how much:

South Korea will raise government spending by 12.8 percent to a record 820.9 trillion won ($599.5 billion) in 2027, the fastest increase on record, as surging tax revenue gives Seoul room to expand investment in artificial intelligence, strategic industries and social programs.

Under the government’s medium-term fiscal plan, annual spending is projected to surpass 1,000 trillion won for the first time in 2030, reaching 1,005.2 trillion won, while national debt rises to 1,734.1 trillion won. The debt-to-GDP ratio, however, is expected to remain below 50 percent at 49 percent.

Korea Herald

You can read more at the link.