Next week's economy: Government budget proposal for next year to be unveiled...July international balance of payments also announced | Yonhap News Agency

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Next week, the government budget proposal for next year will be released. It is expected that national tax revenue will increase due to the semiconductor boom, and it is projected to become a 'super budget' exceeding 800 trillion won in total expenditure. The plan is to use additional tax revenue through the establishment of a future response fund. The July industrial activity trend and August consumer price trend are also scheduled to be announced, and the preliminary figure for the July international balance of payments will be released on the 4th of next month. The current account surplus continues due to the strong semiconductor exports, and the cumulative current account surplus this year has recorded the largest ever.

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