(MENAFN- Qatar News Agency) South Korea issued a record amount of government bonds last year as part of efforts to kick-start the economy and finance its welfare projects, data showed Sunday.
According to the data by the Korea Financial Investment Association and Dongbu Securities Co., state bonds worth an all-time high of 135.7 trillion won (US$128 billion) were floated last year, up 21.4% from the previous yea
The amount of state bonds issued per year has been growing sharply since 2011, when it breached the 100 trillion won mark for the first time, (Yonhap) news agenc
"Despite calls for fiscal soundness, the government was forced to sharply increase bond issuance due to the sluggish economy and a growing need for welfare spending," an analyst at Dongbu Securities sai
Meanwhile, public institutions and private companies cut their debt sales last year from a year earlier, according to the dat
The issuance of special bonds floated by state-run institutions tumbled 17.3% on-year to 88.4 trillion won, with corporate debt sales dropping 13.1% to 66.7 trillion won, the data showed
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