South Korea recorded a government budget deficit of 19104 KRW Billion in May of 2019. Government Budget Value in South Korea averaged 5908.52 KRW Billion from 1999 until 2019, reaching an all time high of 42914 KRW Billion in November of 2007 and a record low of -28619 KRW Billion in June of 2013.

South Korea Government Budget Value
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.60 36.30 39.90 8.24 percent [+]
Government Budget -1.60 -1.10 3.47 -4.10 percent of GDP [+]
Government Budget Value -19104.00 -25893.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 74118.60 73858.40 74118.60 2742.81 KRW Billion [+]
Government Revenues 203841.00 161037.00 438262.00 14987.00 KRW Billion [+]
Fiscal Expenditure 222945.00 186930.00 407099.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]


South Korea Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - South Korea Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Budget Value - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-19104.00 -25893.00 42914.00 -28619.00 1999 - 2019 KRW Billion Monthly
Current Prices, NSA




Country Last Previous
Argentina -6598.20 Jun/19
Australia 13326.00 May/19
Brazil -47558.00 May/19
Canada -14900.00 Mar/19
China -48.70 May/19
France -83.90 May/19
Germany 5.87 Sep/18
India -3661.57 May/19
Indonesia -259900.00 Dec/18
Italy 10.44 May/19
Japan 72556.00 Mar/19
Mexico -5692.80 May/19
Netherlands 17.00 Mar/19
Russia 1561.07 Jun/19
Saudi Arabia -135704.00 Dec/18
Singapore 17603.90 May/19
South Africa -15882.00 May/19
South Korea -19104.00 May/19
Spain -15202.00 May/19
Switzerland 2176.00 Dec/19
Turkey -11869039.00 May/19
United Kingdom -4426.00 Jun/19
United States -8000.00 Jun/19


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