The quality of the national debt has also worsened in 2023.
National Assembly Planning Office, comprehensive analysis of 2023 financial statements National taxes collected less than the budget KRW 56.4 trillion Tax revenue deficit Foreign exchange stabilization role Foreign exchange fund utilizes alternative financial resources Increase principal and interest to be repaid to public funds each year Government uses KRW 9.6 trillion to make up for general accounting deficit Ministry of Finance
https://n.news.naver.com/article/022/0003960458?sid=101
[Tax and Finance News] [Issue Check] The government cut taxes for the rich with debt… Another financial shock this year
(Tax and Finance News = Reporter Ko Seung-ju) The consolidated fiscal balance deficit in the first half of this year reached a whopping -76.0 trillion won. The consolidated fiscal balance is the actual level of national finances. Excluding global turmoil such as the foreign exchange crisis, financial crisis, and COVID-19, it is also an area that almost always sees a surplus. However, this year’s consolidated fiscal balance predicts a serious financial crisis with only six months left in the year. The Ministry of Strategy and Finance announced on the 14th
https://www.tfmedia.co.kr/mobile/article.html?no=167907
56.4
Joe Sesu Punk
Tax cuts for the rich with debt
Another financial shock this year
source
This is Segye Ilbo’s economic news.
Tax and Finance Newspaper