SEOUL, Nov. 13 (Xinhua) -- South Korea's tax revenue rose for the first nine months of this year due to an increase in both corporate and income taxes, government data showed Thursday.
Tax revenue ran into 289.6 trillion won (196.7 billion U.S. dollars) in the January-September period, up 34.3 trillion won from a year earlier, according to the Ministry of Economy and Finance.
The collection of corporate and income taxes gained 21.4 trillion won and 10.2 trillion won each, but value-added tax revenue reduced 400 billion won in the cited period.
Aggregate revenue, including tax and non-tax revenue, totaled 480.7 trillion won during the January-September period, up 41.4 trillion won from a year earlier.
Total expenditure grew 51.9 trillion won over the year to 544.2 trillion won in the first nine months of this year.
The managed fiscal balance, excluding social security fund, logged a deficit of 102.4 trillion won in the January-September period.
The central government's debt reached 1,259.0 trillion won at the end of September, down 1.9 trillion won from a month earlier. (1 won equals 0.00068 U.S. dollars) ■
