Tag: fiscal balance

fiscal balance

Latest News

Korea's fiscal balance continues to improve through August: Budget Ministry

Strong corporate earnings, higher incomes and more home transactions lifted tax revenue through August, narrowing Korea’s managed fiscal deficit.

2026.10.15

Higher tax revenue, home sales buoy Korea's fiscal balance sheet

A combination of stronger income, more home transactions and higher corporate tax revenue cut Korea’s January-July managed fiscal deficit by 22 trillion won ($16.3 billion) from a year earlier.

2026.9.11

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Korea’s fiscal deficit hits three-year low: Budget ministry

Stronger tax revenue narrowed Korea’s managed fiscal deficit through June despite higher spending on health insurance and oil-price relief.

2026.8.13

Fiscal balance improves through May on strong tax revenue

The managed fiscal balance, a key gauge of fiscal health, posted a deficit of 54.2 trillion won ($35.96 billion) as of the end of May, an improvement of 6.8 billion won from the same period in 2025.

2026.7.9

The Ministry of Planning and Budget plaque is seen at the government complex in Sejong on Jan. 6. [YONHAP]

Korea reports improved fiscal balance driven by strong tax gains

Korea's fiscal balance improved from a year earlier in the first three months of 2026 on robust tax gains, data showed Thursday.

2026.5.14

Trade containers are stacked at a Busan port on June 11. [NEWS1]

Korea's fiscal deficit hits $33.6 billion in first four months of 2025

Korea's fiscal deficit reached over 46 trillion won ($33.6 billion) during the first four months of 2025, marking the third-largest shortfall ever recorded for the January-April period, the Ministry of Economy and Finance said Thursday.

2025.6.12

Finance Minister Hong Nam-ki answering questions by lawmakers on the government's fiscal managment during a National Assembly audit held at Sejong on Oct. 7. [YONHAP]

Tax revenue up in August, but spending still on the rise

The government saw an increase in tax revenue in August, but has collected 17 trillion won ($14.8 billion) less in taxes over the last eight months compared to a year earlier as companies and small businesses struggle with the coronavirus pandemic.

2020.10.12

Tag: fiscal balance

fiscal balance

Latest News

Korea's fiscal balance continues to improve through August: Budget Ministry

Higher tax revenue, home sales buoy Korea's fiscal balance sheet

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Korea’s fiscal deficit hits three-year low: Budget ministry

Fiscal balance improves through May on strong tax revenue

Korea reports improved fiscal balance driven by strong tax gains

Korea's fiscal deficit hits $33.6 billion in first four months of 2025

Tax revenue up in August, but spending still on the rise