SEOUL, March 12 (Xinhua) -- South Korea's tax revenue rose in January due to a growth in income and value-added taxes, government data showed Thursday.
Tax revenue totaled 52.9 trillion won (about 35.73 billion U.S. dollars) in January, up 6.2 trillion won from a year earlier, according to the Ministry of Planning and Budget.
The collection of income and value-added taxes swelled 1.5 trillion won and 3.8 trillion won each, but corporate tax revenue was unchanged in the cited month.
Aggregate revenue, including tax and non-tax revenue, came to 74.7 trillion won in January, up 8.5 trillion won from a year earlier.
Total expenditure grew 7.7 trillion won over the year to 60.5 trillion won in the month.
The managed fiscal balance, excluding social security funds, logged a surplus of 11.3 trillion won in January. ■
