Monday, December 6, 2010

Korea’s National Debt Interest Payments Up About 15%

From Yonhap News:

South Korea is expected to pay around 23 trillion won (US$20.2 billion) in interest on its debt next year amid increased borrowing by the government to tide over the global economic crisis, data showed Monday.

According to the data provided by the finance ministry and other sources, interest payment on the nation's debt will amount to 22.9 trillion won next year, up about 15 percent from this year's estimated 20 trillion won.

http://english.yonhapnews.co.kr/news/2010/12/06/0200000000AEN20101206000900320.HTML

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