Financial officials urge using surplus tax revenue to tackle inequality

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The government predicts that this year's national tax revenue will increase by 63.2 trillion won from the April additional budget forecast. The government announced that it will focus on the three major social policies of housing, jobs, and common people's finance to reduce polarization, and some of it will be used to reduce the amount of government bonds issued. tax

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The government uses large-scale excess tax revenue due to the semiconductor boom to reduce the amount of treasury bonds issued and stabilize the bond market. The secured financial resources will be used to support the common people's economy and expand future growth engines, and the policy is to proactively respond to sharp increases in bond interest rates through emergency buybacks when necessary.

연합뉴스-Yonhap News Agency

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(Sejong=Yonhap News) Reporters Lee Dae-hee, Kim Soo-hyun, and Song Jeong-eun = As this year's national tax revenue is expected to increase by more than 63 trillion won compared to the initial forecast at the end of March, regarding the uses...

asiae.co.kr

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The government has decided to consider a plan to reduce the volume of government bond issuance by utilizing part of this year's excess tax revenue, which is expected to be an additional 63.2 trillion won.

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In addition to the initial supplementary budget, the government plans to strategically utilize this year's surplus tax revenue, expected to reach 63.2 trillion won, for livelihood sectors such as housing, employment, and microfinance. This is a measure aimed at alleviating polarization, a goal strongly advocated by President Lee Jae-myung. Furthermore, the government has decided to allocate funds for market stabilization measures, such as emerge…