SEOUL, Aug. 14 (Xinhua) -- South Korea's tax revenue rose for the first six months of 2025 due to an expansion in both corporate and income taxes, government data showed Thursday.
Tax revenue ran to 190.0 trillion won (137.7 billion U.S. dollars) in the January-June period, up 21.5 trillion won (15.6 billion dollars) compared to the same period of last year, according to the Ministry of Economy and Finance.
The collection of corporate and income taxes swelled 14.4 trillion won (10.4 billion dollars) and 7.1 trillion won (5.1 billion dollars) each, but value-added tax revenue declined 1.4 trillion won (1.0 billion dollars) in the cited period.
Aggregate revenue, including tax and non-tax revenue, totaled 320.6 trillion won (232.3 billion dollars) during the January-June period, up 24.7 trillion won (17.9 billion dollars) from a year earlier.
Total expenditure grew 17.3 trillion won (12.5 billion dollars) over the year to 389.2 trillion won (282.0 billion dollars) in the first six months of this year.
The managed fiscal balance, excluding the social security fund, recorded a deficit of 94.3 trillion won (68.3 billion dollars) in the January-June period.
The central government's debt stood at 1,218.4 trillion won (882.8 billion dollars) at the end of June, up 0.6 trillion won (434.7 million dollars) from a month earlier. ■
