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

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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.

[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

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