Next year's public enterprise debt is estimated at 524 trillion won. According to a report "2014-2018 Public Enterprise Long-term Debt Management Plan" submitted by the Ministry of Strategy & Finance to the National Assembly on September 22, the total debt balance of 40 public entities subject to the supervision was 524 trillion won, with their average debt-to-equity ratio reaching 214 percent. This is down 3 trillion won and 4 percentage points from the earlier debt reduction plan announced early this year.
The ministry estimated that the debt amount would decline by 11.8 trillion won through multiple reasons such as change in macroeconomic conditions including currency rates (7.6 trillion won), additional self-rescue effort (500 billion won), adjustment in overseas investments (700 billion won), and other factors like accounting rule change (3 trillion won).
Meanwhile, the amount of debt expected to rise due to an imposition of consumption tax on bituminous coal, introduction of carbon emissions permits, and the like would be 2.4 trillion won. The 10.55 trillion won income that Korea Electric Power Corp. will earn from Hyundai Group for selling its former headquarters site in Seoul's Gangnam was not counted in the latest plan.
저작권자 © Korea IT Times 무단전재 및 재배포 금지