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작성일 : 10-09-29 14:11
Nat'l Debt to Exceed W436 Tln in 2011
 글쓴이 : chungwoo
조회 : 1,794  

The government is predicting that the national debt will jump nearly 30 trillion won next year to a figure exceeding 436 trillion won.

The Ministry of Strategy and Finance made the prediction in a mid-term fiscal plan that shows the ratio of national debt to gross domestic production will fall from 36-point-one percent this year to 35-point-two percent next year.

It also forecast that the government’s fiscal deficit will dwindle from some 30 trillion won this year to 25-point-three trillion won in 2011 due to an increase in tax revenue amid the economic recovery trend.

The ministry said that with the decreased fiscal deficit, the government should easily achieve its goal of hitting a fiscal balance between 2013 and 2014.