South Korea's Ministry of Planning and Finance released data on Thursday. Driven by a sharp increase in tax revenue, South Korea's fiscal balance situation from January to June this year improved compared to the same period last year, and the fiscal deficit narrowed to its lowest level in three years. According to data from the Ministry of Planning and Finance, the core indicator for measuring fiscal soundness, the consolidated fiscal balance, the size of the deficit as of the end of June was 84.4 trillion won, a decrease of 9.9 trillion won compared to the same period in 2025. A relevant Ministry of Finance official said, “The overall fiscal balance deficit hit a new low during this period. The last low was 83 trillion won in 2023.” In the first half of this year, South Korea's total tax revenue reached 223 trillion won, an increase of 33 trillion won over the previous year. Relying on improving profits of local companies, the amount of corporate income tax storage increased 4.3 trillion won over the same period last year.
Zhitongcaijing·08/13/2026 07:09:14
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South Korea's Ministry of Planning and Finance released data on Thursday. Driven by a sharp increase in tax revenue, South Korea's fiscal balance situation from January to June this year improved compared to the same period last year, and the fiscal deficit narrowed to its lowest level in three years. According to data from the Ministry of Planning and Finance, the core indicator for measuring fiscal soundness, the consolidated fiscal balance, the size of the deficit as of the end of June was 84.4 trillion won, a decrease of 9.9 trillion won compared to the same period in 2025. A relevant Ministry of Finance official said, “The overall fiscal balance deficit hit a new low during this period. The last low was 83 trillion won in 2023.” In the first half of this year, South Korea's total tax revenue reached 223 trillion won, an increase of 33 trillion won over the previous year. Relying on improving profits of local companies, the amount of corporate income tax storage increased 4.3 trillion won over the same period last year.