Yonhap Infomax NewsSep 23
South Korea’s public sector deficit reached 49 trillion won ($36.7 billion) in 2024, marking a fifth consecutive year of red ink as falling corporate tax revenues drove a sharp increase in the general government shortfall, according to Bank of Korea data.
#YonhapInfomax #BankOfKorea #PublicSectorDeficit #CorporateTax #GeneralGovernment #SocialSecurityFunds #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82975
Government and Public Enterprise Deficit Reaches 49 Trillion Won Last Year—Sharp Increase in General Government Shortfall

South Korea’s public sector deficit reached 49 trillion won ($36.7 billion) in 2024, marking a fifth consecutive year of red ink as falling corporate tax revenues drove a sharp increase in the general government shortfall, according to Bank of Korea data.

Yonhap Infomax