According to the data by the Ministry of Strategy and Finance, Korea’s fiscal deficit in March grew sharply by more than 7 trillion won (roughly 5.8 billion USD) from a month earlier.
Korea’s fiscal deficit stood at 19.51 trillion won (16.3 billion USD) at the end of March.
This figure is similar to the 21.9 trillion won budget shortfall recorded in March of last year during the height of the financial crisis.
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