SEOUL, Jan. 15 (Xinhua) -- South Korea's tax revenue rose for the first 11 months of last year thanks to an expansion in both corporate and income taxes, government data showed Thursday.
Tax revenue stood at 353.6 trillion won (about 240.2 billion U.S. dollars) in the January-November period, up 37.9 trillion won from a year earlier, according to the Ministry of Planning and Budget.
The collection of corporate and income taxes gained 22.2 trillion won and 12.3 trillion won each, while value-added tax revenue reduced 500 billion won in the cited period.
Aggregate revenue, including tax and non-tax revenue, totaled 581.2 trillion won in the January-November period, up 39.2 trillion won from a year earlier.
Total expenditure grew 54.3 trillion won over the year to 624.4 trillion won in the first 11 months of last year.
The managed fiscal balance, excluding the social security fund, logged a deficit of 89.6 trillion won in the January-November period.
The central government's debt amounted to 1,289.4 trillion won at the end of November, up 14.1 trillion won from a month earlier. (1 won equals 0.00068 U.S. dollars) ■
