South Korea 2014 tax revenue seen 11.1t won below budget plan

Published Tue, Jan 20, 2015 · 12:23 AM

[SEOUL] South Korea's tax revenue for 2014 is expected to lag government's budget plan by 11.1 trillion won (US$10.29 billion), data showed on Tuesday, days after the central bank said fourth-quarter growth was unexpectedly hit by weak state spending.

The Ministry of Finance and Strategy said in a monthly statement that last year's tax revenue is estimated at around 205.4 trillion won.

The finalised revenue number will be released in February while fourth-quarter GDP estimates will be announced on Friday.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

International

Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year

International

International

South Korea 2014 tax revenue seen 11.1t won below budget plan

International

Sunak says UK to raise defence spending amid global threats

China’s central bank hints it may add treasury bond trades to policy toolkit

US business activity cools in April; inflation measures mixed

India’s inflation at risk from extreme weather, geopolitical issues: central bank

Thailand to replace military-appointed Senate, reduce its powers

Bankers lose hope of London IPO revival for another year

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT