S. Korea posts fiscal surplus of 11.3 tln won in Jan. on increased tax revenue | Yonhap News Agency

## Summary
OK By Kim Han-joo SEOUL, March 12 (Yonhap) -- South Korea posted a fiscal surplus of more than 11 trillion won (US$7.43 billion) in January due to increased tax revenue despite more expenditures compared with a year ago, the budget ministry said Thursday. The Ministry of Planning and Budget (Yonhap) khj@yna.co.kr (END) Keywords #fiscal balance Articles with issue keywords Most Liked U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats (News Focus) How 'The King's Warden' captured 10 mln Korean viewers BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones Most Saved (News Focus) How 'The King's Warden' captured 10 mln Korean viewers (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (LEAD) S. Korea posts fiscal surplus of 11.3 tln won in Jan. on increased tax revenue Next S. Korea posts fiscal surplus of 11.3 tln won in Jan. on increased tax revenue

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OK
By Kim Han-joo
SEOUL, March 12 (Yonhap) -- South Korea posted a fiscal surplus of more than 11 trillion won (US$7.43 billion) in January due to increased tax revenue despite more expenditures compared with a year ago, the budget ministry said Thursday.
The managed fiscal balance, a key gauge of fiscal health calculated on stricter terms, recorded a surplus of 11.3 trillion won during the period, according to the Ministry of Planning and Budget.
The figure was down by 200 billion won from a year earlier but still marked the fourth-largest surplus for the month.
Tax revenue reached 52.9 trillion won in January, up 6.2 trillion won from a year earlier, led by increases in income tax, value-added tax and securities transaction tax, the ministry said.
Total expenditures came to 60.5 trillion won in the month, up 7.7 trillion won from a year earlier. The rise was partly due to a base effect, as government spending had declined in January last year because of the Lunar New Year holiday, along with increased welfare payments this year.
The Ministry of Planning and Budget (Yonhap)
khj@yna.co.kr
(END)
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S. Korea posts fiscal surplus of 11.3 tln won in Jan. on increased tax revenue

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- The Ministry of Planning and Budget (Yonhap) khj@yna.co.kr (END) Keywords #fiscal balance Articles with issue keywords Most Liked U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats (News Focus) How 'The King's Warden' captured 10 mln Korean viewers BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones Most Saved (News Focus) How 'The King's Warden' captured 10 mln Korean viewers (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (LEAD) S.

### Implications
- The Ministry of Planning and Budget (Yonhap) khj@yna.co.kr (END) Keywords #fiscal balance Articles with issue keywords Most Liked U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema (News Focus) USFK's relocation of military assets to Middle East raises concerns about Seoul's capability to deter N.K. threats (News Focus) How 'The King's Warden' captured 10 mln Korean viewers BTS expands Gwanghwamun concert capacity to 22,000 with added standing zones Most Saved (News Focus) How 'The King's Warden' captured 10 mln Korean viewers (News Focus) Topping 10 mln, 'The King's Warden' offers rare boost to Korean cinema U.S. transport aircraft spotted departing Osan Air Base amid Patriot relocation speculation (LEAD) S.

### Expert Commentary
This article covers korea, won, tax topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 496.