Arab Today, arab today s korea to face growing debts due to aging population
Last Updated : GMT 10:43:16
Arab Today, arab today
Arab Today, arab today

S. Korea to face growing debts due to aging population

Arab Today, arab today

Arab Today, arab today S. Korea to face growing debts due to aging population

Seoul - Yonhap

South Korea\'s national debt could multiply to more than four times its current level in less than four decades due to the country\'s fast-increasing aged or retired population, unless the government overhauls both its welfare and taxation systems, a government advisory committee said Wednesday. In 2010, the government recorded a deficit of 1.1 percent of the country\'s gross domestic product (GDP), according to the government financial policy advisory committee.

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