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(1)400 billion won in interest alone ‘to turn it back into a single government emergency’
(2)…Fiscal soundness accounting fraud in accounting fraud’
(3)Reporter Ban Ki-woong Enter 202396 1701 Revised 202396 1735
(4)Bank of Korea’s loans exceed 113 trillion won, with 40 trillion won in loans issued by fiscal securities alone
(5)Debts that prevent the use of procurement funds to repay maturing issues emphasize sound finances
(1)According to Han Byung-do’s office of the Democratic Party of the National Assembly Finance Committee on the 6th, the accumulated amount of temporary loans borrowed from the Bank of Korea until August this year was 113.6 trillion won This is more than three times the cumulative amount of total temporary loans last year, compared to the cumulative amount of 102.9 trillion won in 2020 when demand for financial input increased due to COVID-19
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(2)Despite the increase in borrowing by the Bank of Korea, insufficient funds were drawn from the market through fiscal securities The Ministry of Economy and Finance issued fiscal securities until August this year and borrowed 40 trillion won. The Ministry of Economy and Finance has been issuing short-term financial securities for 63 days since February this year, which was issued once a week until April, but expanded to 1.5 trillion won once a week from May
(3)If the government does not have money to spend immediately due to a deficit in tax revenue, the central bank can borrow and spend insufficient funds through temporary borrowing and issuance of fiscal securities
(4)The government’s interest expenditure is snowballing as a result of the increase in emergency spending to cover tax revenues. As of the end of August, the central bank’s temporary borrowing and issuance of fiscal securities amounted to 149.2 billion won and 245.5 billion won, respectively
(5)Interest expenditure on the issuance of financial securities stands out The rise in the benchmark interest rate is attributable to the rise in the issuance rate from the first half of last year to the mid-to-late third period of this year, with interest per issue of fiscal securities approaching 10 billion won The Ministry of Economy and Finance continues to issue financial securities in the third quarter, including 6 trillion won in July and 7.5 trillion won in August Some or all of the funds raised by financial securities are used to repay maturing issues, so-called debt repayment
(6)From January to July this year, national tax revenues amounted to 217.6 trillion won, down 43.4 trillion won from a year earlier Even if taxes are collected on the same scale as last year for the rest of the year, about 48 trillion won is insufficient, and some predict that the size of the tax revenue punk will reach 60 trillion won this year due to worsening corporate performance
The tax cut on the father and son caused by the tax on the tax cut on the face of the common people
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(1)Straight Lies Lies Lies Lies Tracing News of Manipulation
(2)Taegeukgi rally participants
(3)Japan is doing well right now Our country needs to be ruined
(4)You have to die until you’re out of breath. The economy has to die. You have to be a Japanese colony
But you still support me