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  Local
Al-Ra'i congratulates counterpart in Republic of Angola
[12 November 2024]
Cleanliness Fund Event on Martyr's Anniversary
[12 November 2024]
Judicial Inspection Committee inspects prison conditions
[12 November 2024]
Selling by weight.. important step to regulate poultry sector
[12 November 2024]
Handing over concrete leveling site & paving project in Akmah Issa in Al-Mashneh district, Ibb
[12 November 2024]
 
  International
Lebanese Health: 3287 martyrs, 14 thousand wounded since beginning of Zionist aggression
[12 November 2024]
Gazprom: Russian gas supplies to China exceed agreed volume
[12 November 2024]
Borrell: Smotrich's statements on West Bank "annexation" undermine international law, threaten Two-State Solution
[12 November 2024]
Three Palestinians martyred, 11 wounded in Zionist enemy shelling targets house in Nuseirat
[12 November 2024]
Iraqi Resistance announces targeting military target in south of occupied Palestinian
[12 November 2024]
 
  Reports
Widespread rejection of Smotrich’s comments on annexing West Bank : Report
[12 November 2024]
Zionist entity rents its media to solidify role of “victim”
[12 November 2024]
Trump's efforts to liquidate Palestinian cause are doomed to failure
[09 November 2024]
Arab & Islamic inaction encouraged Zionist enemy to continue its genocide in Gaza & Lebanon
[09 November 2024]
Hezbollah missiles & drones light up skies of all occupied cities
[09 November 2024]
 
  US-Saudi Aggression
US-British aggression targets capital Sana'a
[09 November 2024]
US-British aggression launches raid on Hodeida
[31 October 2024]
US-British aggression target Sana'a & Saada with 15 raids
[17 October 2024]
Military Media distributes scenes of down US MQ-9 aircraft in Dhamar
[16 September 2024]
Abdul Salam: Targeting civilians, educational facilities by US-British aggression is dangerous escalation
[10 September 2024]
  Economy
South Korea's fiscal deficit rises in first eight months of year
South Korea's fiscal deficit rises in first eight months of year
South Korea's fiscal deficit rises in first eight months of year
[Thu, 10 Oct 2024 18:20:23 +0300]

Seoul - Saba:
South Korea's fiscal deficit rose sharply in the first eight months of this year amid weak corporate performance, the country's finance ministry said Thursday.

The fiscal balance recorded a deficit of 84.2 trillion won ($62.43 billion) from January to August, larger than the 65.8 trillion won deficit recorded in the same period last year.

The ministry confirmed, according to the Korean News Agency ‘Yonhap’, that this figure is the third largest ever, and the deficit reached its highest level, recording 98.1 trillion won during the first seven months of 2020; due to the cash assistance provided by the Korean government to those affected by the Corona pandemic ‘Covid-19’.

Total revenue rose by 2.3 trillion won year-on-year to 396.7 trillion won during the period, thanks to an increase in non-tax income, while tax revenue fell by 9.4 trillion won to 232.2 trillion won due to a sharp decline in the government's collection of taxes from companies due to their poor performance.

According to the data, government debt stood at 1,167.3 trillion won as of the end of August, up 8 trillion won from July.


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UPDATED ON :Tue, 12 Nov 2024 21:58:13 +0300