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Shrinking tax revenues raise concerns over fiscal belt-tightening policy

A steep decline in tax revenues, which shrank by 33.9 trillion won ($25.57 billion) in the first four months of 2023 from a year earlier, is raising concerns over the government s belt-tightening policy. Announced by the Ministry of Economy and Finance, Wednesday, the year-on-year decline in tax revenue in the January-April period was the steepest on record. ....

South Korea , Yoon Suk Yeol , Democratic Party Of Korea , Ministry Of Economy , Citizen Coalition For Economic Justice , Government Complex Sejong , Korea Times , Democratic Party , Citizen Coalition , Economic Justice , Participatory Democracy , Belt Tightening Policy , Tax Revenue , South Korea , He Korea Times , Orea Times , Orean News In English ,

UK industry reports record high shop price inflation in May

Shop price inflation in the United Kingdom rose to 9 percent in the year to May up from 8.8 percent in April. ....

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