IMF lowers Korea's gov't debt forecasts on improved tax revenue prospects

Korea Times News ·
South Korea

BANGKOK — The International Monetary Fund (IMF) lowered its forecasts for Korea's government debt to gross domestic product (GDP) ratio through 2031, citing its strong economic growth and prospects for improved revenue conditions, the budget ministry said Wednesday. The Washington-based organization said in the IMF Fiscal Monitor report that Seoul's government gross debt-to-GDP ratio would reach…

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