S. Korea posts public account deficit in 2021

SEOUL, Sept. 15 (Xinhua) -- South Korea posted a public account deficit last year as fiscal spending increased to deal with the COVID-19 pandemic, central bank data showed on Thursday.

The public account balance, which gauges the income and expenditure of the central and local governments as well as public enterprises, recorded a deficit of 35.7 trillion won (25.6 billion U.S. dollars) in 2021, according to the