S. Korea's fiscal status remains better
Seoul - Yonhap
South Korea's fiscal status remains in better shape than many other major countries thanks to its efforts to enhance fiscal soundness following the global financial crisis, a report by the International Monetary Fund showed Friday. Revenue growth from continued economic recovery, withdrawal of stimulus measures introduced during the crisis, and effective control of government expenditures were all cited as causes of the nation's improved overall fiscal health, according to the report by the Washington-based lender.
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