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|Consolidated Fiscal Balance (Preliminary) in H1 2011 (August 26, 2011)|
|Fiscal Management Bureau > Fiscal Expenditure Management Team|
CONSOLIDATED FISCAL BALANCE (PRELIMINARY) IN H1 2011
The consolidated fiscal balance in the first half of 2011 was a deficit of 2.3 trillion won (preliminary) while the consolidated fiscal balance excluding social security funds for the same period registered a deficit of 19.2 trillion won (preliminary). The consolidated fiscal balance on a year-on-year basis increased 9.1 trillion won, mainly led by an increase in tax revenues. The consolidated fiscal balance excluding social security funds also rose 10.2 trillion won from a year ago.
*Social security funds are national pension funds, private school teacher’s pension funds, accident insurance funds, and employment insurance funds.
* Consolidated fiscal spending to budget in H1 (%): 53.3 (2007) → 53.1 (2008) → 57.7
Please refer to the attached PDF file.