The National Assembly Budget Office projects South Korea’s revised tax laws will boost tax revenue by 37.5 trillion won over five years—3 trillion won less than the government’s initial estimate—mainly due to a larger-than-expected decrease in income tax following a cut in the top dividend tax rate.
#YonhapInfomax #TaxRevenue #NationalAssemblyBudgetOffice #DividendTax #IncomeTax #TaxLawAmendment #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=94095South Korea's National Assembly Budget Office forecasts 1.0% GDP growth for 2025 and 1.9% for 2026, citing a recovery in private consumption and stable inflation, but warns of risks from global trade tensions and weak investment.
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National Assembly Budget Office Projects 1.0% GDP Growth for 2025—1.9% Expansion Expected Next Year
South Korea's National Assembly Budget Office forecasts 1.0% GDP growth for 2025 and 1.9% for 2026, citing a recovery in private consumption and stable inflation, but warns of risks from global trade tensions and weak investment.
South Korea's second supplementary budget will increase Treasury bond issuance by 22.7 trillion won, raising this year's interest payments by 272.9 billion won and heightening long-term fiscal risks, according to the National Assembly Budget Office.
#YonhapInfomax #TreasuryBondIssuance #SupplementaryBudget #InterestPayments #NationalAssemblyBudgetOffice #FiscalSoundness #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=69381South Korea’s National Assembly Budget Office projects the 30.5 trillion won ($22.1 billion) second supplementary budget will boost 2024 GDP by up to 0.32 percentage points, while warning of inevitable short-term fiscal deficits and increased national debt.
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National Assembly Budget Office Significantly Lowers 2025 Growth Forecast from 2.2% to 1.5% (Comprehensive)
South Korea's National Assembly Budget Office significantly lowers 2025 economic growth forecast to 1.5% from 2.2%, citing prolonged domestic demand weakness and global trade uncertainties
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