The country’s fiscal deficit came to over 46 trillion won, or about 33-point-six billion U.S. dollars, in the first four months of the year to post the third-largest figure for the four-month period. 

According to the finance ministry on Thursday, the government’s total revenue posted 231-point-one trillion won during the January-April period, while total expenditures reached 262-point-three trillion won.

Accordingly, the consolidated fiscal balance logged a deficit of 31-point-two trillion won. 

However, the managed fiscal balance, or the consolidated fiscal balance minus the balance of social security funds, posted a deficit of 46-point-one trillion won. 

Tax revenue increased by 16-point-six trillion won from a year earlier to 142-point-two trillion won during the period, mainly due to a rise in corporate tax revenue.