The Ministry of Planning and Finances on the Authorities Advanced Sejong / Yonhap
Korea’s fiscal deficit got here to over 89 trillion received ($60.7 billion) within the first 11 months of final yr, the funds ministry mentioned Thursday.
The managed fiscal stability, a key gauge of fiscal well being calculated on stricter phrases, posted a deficit of 89.6 trillion received within the January-November interval, based on information from the Ministry of Planning and Finances.
Whole income grew 39.2 trillion received from the identical interval a yr earlier to 581.2 trillion received. Intimately, tax income expanded 37.9 trillion received on-year to 353.6 trillion received.
Whole expenditures elevated 54.3 trillion received to 624.4 trillion received.
The central authorities’s excellent debt stood at 1,289.4 trillion received as of end-November.
