SEOUL, April 10 (Xinhua) -- South Korea's tax revenue rose for the first two months of this year on higher corporate and income taxes, government data showed Thursday.

Tax revenue ran to 61.0 trillion won (41.8 billion U.S. dollars) in the January-February period, up 2.9 trillion won compared to the same period of last year, according to the Ministry of Economy and Finance.

The collection of corporate and income taxes gained 2.7 trillion won and 700 billion won each, but value-added tax revenue declined 700 billion won in the cited month.

Aggregate revenue, including tax and non-tax revenue, totaled 103.0 trillion won in the January-February period, up 5.8 trillion won from a year earlier.

Total expenditure reduced 10.5 trillion won over the year to 116.7 trillion won in the first two months of this year.

The managed fiscal balance, excluding social security fund, recorded a deficit of 17.9 trillion won in the January-February period.

The central government's debt stood at 1,180.5 trillion won at the end of February, up 21.4 trillion won from a month earlier. (1 won equals 0.00069 U.S. dollars) Enditem

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