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South Korea’s Fiscal Deficit Narrows to 8-Year Low on Corporate Tax Surge

South Korea’s managed fiscal balance, a key indicator of the government’s underlying fiscal position, posted a deficit of 32 trillion won, or approximately $23.97 billion, in the first nine months of…

  • South Korea's fiscal deficit narrowed to 8-year low of 32 trillion won in 2023.
  • Corporate tax revenue surged by 51.9 trillion won, reaching 127.8 trillion won.

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