Wednesday, 12 May 2021 08:45 GMT

South Korea's lending of public sector grows 94 pct

( MENAFN ) South Korea's central bank said that the net lending of South Korea's public sector jumped 94 percent on-year in 2015, posting a surplus for the second straight year, the country's Thursday.

Net lending, which refers to total revenue minus total expenditures, came to 33.8 trillion won in 2015, compared with 17.4 trillion won from a year earlier.

The bank said total revenue of the general government sector and public corporations reached a record high of 735.6 trillion won, up 24.2 trillion won from a year earlier.

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