South Korea recorded a government budget deficit of 7086 KRW Billion in February of 2026. Government Budget Value in South Korea averaged -4670.73 KRW Billion from 1999 until 2026, reaching an all time high of 42914.00 KRW Billion in November of 2007 and a record low of -89971.00 KRW Billion in June of 2020. source: The Bank of Korea



Related Last Previous Unit Reference
Fiscal Expenditure 124436.00 58532.00 KRW Billion Feb 2026
Government Budget Value -7086.00 14263.00 KRW Billion Feb 2026
Government Revenues 117351.00 72795.00 KRW Billion Feb 2026
Government Spending 104994.90 103620.70 KRW Billion Dec 2025
Government Spending to GDP 35.60 37.02 percent of GDP Dec 2023


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.
Actual Previous Highest Lowest Dates Unit Frequency
-7086.00 14263.00 42914.00 -89971.00 1999 - 2026 KRW Billion Monthly
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