Korea Set to Draw up 'Super Budget' of over $578 Bil. on Chip Boom
4 Articles
4 Articles
Korea set to draw up 'super budget' of over $578 bil. on chip boom
Next year’s budget is projected to top a record 800 trillion won ($578 billion), with national tax revenue expected to exceed 600 trillion won on the back of higher corporate tax receipts fueled by the semiconductor boom, government insiders said Tuesday. They said the Ministry of Planning and Budget is in the final stages of preparing the budget proposal. Last month, the ministry suggested a spending increase of 10 percent or more from this yea…
(Seoul = Yonhap News) Reporter Kim Nam-kwon = Regarding the surplus tax revenue, Minister of Planning and Budget Park Hong-keun stated on the 24th, "Next year's revenue is 100 trillion won more than the forecast in the original medium-term fiscal plan..."
Park Hong-keun, Minister of Strategy and Budget, stated at the National Assembly Special Committee on Budget and Accounts on the 24th that next year's tax revenue is expected to increase by more than 100 trillion won compared to the initial forecast in the Medium-term Fiscal Plan. Last year, the Ministry of Strategy and Finance projected next year's national tax revenue at approximately 412 trillion won in the National Fiscal Management Plan (20…
National Assembly Budget and Accounts Committee Plenary Session… Han Sung-sook: "Shift to Economic Revitalization via Expansionary Fiscal Policy"
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