Fiscal Expenditure in South Korea increased to 405316 KRW Billion in August from 358112 KRW Billion in July of 2021. source: The Bank of Korea

Fiscal Expenditure in South Korea averaged 155380.57 KRW Billion from 1999 until 2021, reaching an all time high of 472025 KRW Billion in November of 2020 and a record low of 7012 KRW Billion in January of 2002. This page provides - South Korea Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Fiscal Expenditure - values, historical data and charts - was last updated on October of 2021.

Fiscal Expenditure in South Korea is expected to be 415000.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Fiscal Expenditure is projected to trend around 415000.00 KRW Billion in 2022, according to our econometric models.

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South Korea Fiscal Expenditure


South Korea Last Unit Reference Previous Highest Lowest
Government Budget Value -29802.00 KRW Billion Aug/21 -20709.00 42914.00 -89971.00
Government Spending 85257.00 KRW Billion Sep/21 84290.80 85257.00 2925.40
Government Revenues 375514.00 KRW Billion Aug/21 337403.00 443853.00 14987.00
Fiscal Expenditure 405316.00 KRW Billion Aug/21 358112.00 472025.00 7012.00
Government Spending To GDP 31.15 percent of GDP Dec/18 30.27 32.28 17.90


South Korea Fiscal Expenditure
Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation.