Fiscal Deficit Archives | Be Korea-savvy

S. Korea’s Fiscal Deficit Surpasses 100 Tln Won through June

SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s fiscal deficit surpassed 100 trillion won (US$73.51 billion) during the first half of 2024 amid weak corporate performances and rising state expenditures, data showed Wednesday. The managed fiscal balance, a key gauge of fiscal health calculated on a stricter term, posted a deficit of 103.4 trillion won [...]

S. Korea’s Fiscal Deficit Hits Record High through March

SEOUL, May 9 (Korea Bizwire) — South Korea’s fiscal deficit reached an all-time high in the first three months of 2024 due to rising expenditures aimed at buttressing an economic recovery, the finance ministry said Thursday. The managed fiscal balance, a key gauge of fiscal health calculated on a stricter term, posted a deficit of [...]