South Korea's fiscal deficit surpasses 4% of GDP due to 30 trillion won tax shortfall, challenging government's fiscal rule and limiting supplementary budget resources
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South Korea's managed fiscal balance deficit hit 104.8 trillion won in 2023, exceeding 4% of GDP and missing the government's 3% target, amid tax revenue shortfalls and increased welfare spending.
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https://en.infomaxai.com/news/articleView.html?idxno=57669