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Article: SOUTH KOREA FACES SURGING INTEREST BURDEN ON STATE BONDS.
- Article from:
- AsiaPulse News
- Article date:
- October 15, 2007
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SEOUL, Oct. 15 Asia Pulse - South Korea's payments of interest on state bonds surged in 2006 from a year ago as the government issued more debts to finance its spending, the finance ministry said Sunday.
In a report to the National Assembly, the ministry said that the government paid 8.8 trillion won (US$9.6 billion) in interest on state bonds last year, up from 6.9 trillion won the previous year.
The payment of interest on government bonds has been ...