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South Korea's January tax revenue rose by 700 billion won, yet overall revenue fell, leading to an 11.5 trillion won deficit.
South Korea saw an increase in tax revenue by 700 billion won in January 2022, mainly due to higher corporate and income taxes, though value-added tax revenue fell by 800 billion won.
Overall revenue dipped by 900 billion won to 66.3 trillion won, and expenditures decreased by 3.2 trillion won to 52.7 trillion won.
The fiscal balance showed a deficit of 11.5 trillion won for the month.
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Los ingresos fiscales de enero de Corea del Sur aumentaron en 700 mil millones de wones, sin embargo, los ingresos totales cayeron, lo que llevó a un déficit de 11.5 billones de wones.