Financial Officials Urge Using Surplus Tax Revenue to Tackle Inequality
5 Articles
5 Articles
The Korea Times
korean-vibe.comFinancial officials urge using surplus tax revenue to tackle inequality
Korea's top financial officials on Wednesday stressed the need to use higher-than-expected tax revenue to address economic disparities by funding areas directly affecting people's livelihoods, such as housing, jobs and financial support for low-income households. Finance Minister Lee Hyoung-il shared this view with Budget Minister Park Hong-geun, Bank of Korea (BOK) Gov. Shin Hyun-song and Financial Services Commission Chairman Lee Eog-weon duri…
(Sejong=Yonhap News) Reporters Lee Dae-hee, Kim Soo-hyun, and Song Jeong-eun = As this year's national tax revenue is expected to increase by more than 63 trillion won compared to the initial forecast at the end of March, regarding the uses...
The government has decided to consider a plan to reduce the volume of government bond issuance by utilizing part of this year's excess tax revenue, which is expected to be an additional 63.2 trillion won.
In addition to the initial supplementary budget, the government plans to strategically utilize this year's surplus tax revenue, expected to reach 63.2 trillion won, for livelihood sectors such as housing, employment, and microfinance. This is a measure aimed at alleviating polarization, a goal strongly advocated by President Lee Jae-myung. Furthermore, the government has decided to allocate funds for market stabilization measures, such as emerge…
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