Arab Today, arab today south korean local governments fiscal independence ratio lowest in 2013
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Arab Today, arab today
Arab Today, arab today

South Korean local governments fiscal independence ratio lowest in 2013

Arab Today, arab today

Arab Today, arab today South Korean local governments fiscal independence ratio lowest in 2013

Seoul - Yonhap

The fiscal independence ratio of South Korean local governments dropped to its lowest level this year since 1991 as tax revenues fell and subsidies from the central government increased, data showed on Tuesday.According to the data compiled by the Ministry of Security and Public Administration, the fiscal independence ratio for 244 local autonomous governments stood at 51.1 percent for 2013, compared with the 52.3 percent posted last year.

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