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NABO in the Press

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It Is Better to Shut Down Wolseong Reactor
The Kyunghyang Shinmun - January 16, 2015
According to the results of an analysis by Justice Party lawmaker Sim Sang-jeung and the Korean Federation for Environmental Movement based on data from the National Assembly Budget Office, if the government extends the life of Wolseong 1 and operates the nuclear power plant until 2022, the government will suffer losses which range from a minimum of 146.2 billion won to a maximum 226.9 billion won. Thus experts argue that it is more economical to shut the plant down rather than bear the costs to extend its life. He nameplate capacity of Wolseong 1 is 679,000kW and the plant only accounts for 0.8% of the total power produced, so it will not impact our country's power supply even if we shut it down.
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Korea's 2015 tax deficit likely to be higher than expected
ArirangTV - January 12, 2015
The National Assembly Budget Office in October predicted the government would collect 200 billion dollars in taxes in 2015, with the expectation of a tax revenue shortfall of over two.seven billion dollars.
 But the report shows tax income will be lower than that, as the government cut this year's growth projection from three.eight to three-and-a-half percent amid falling oil prices.

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S. Korea expected to suffer tax deficit in 2015
MK news - January 11, 2015
The National Assembly Budget Office in October expected the government to collect 218.2 trillion won in taxes based on a 5.6 percent nominal growth rate. This means that around three trillion won worth of tax revenue shortfall would incur considering the government is forecast to collect 221.1 trillion won in taxes under this year’s budget.

However, the office said this year’s tax revenue would be lower than the October’s estimate as the government trimmed this year’s economic growth forecast. The National Assembly Budget Office in December cut its nominal growth rate and real economic growth rate for this year from 5.6 percent to 4.2 percent and from 3.8 percent to 3.5 percent, each.
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S. Korea's 2015 tax deficit to be higher than expected: report
The Korea Times - January 11, 2015
The National Assembly Budget Office (NABO) in October forecast the government to collect 218.2 trillion won in taxes based on a 5.6 percent nominal growth rate, expecting a tax revenue shortfall of over 3 trillion won of this year.
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Inflation holds at 1.3 percent in 2014
The Korea Times - January 1, 2015
LG Economic Research Institute, the state-run Korea Development Institute and the National Assembly Budget Office all said this year’s inflation would not surpass 2 percent.
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