South Korea recorded a government budget deficit of 43259 KRW Billion in November of 2025. Government Budget Value in South Korea averaged -4588.25 KRW Billion from 1999 until 2025, 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	594398.00	557058.00	KRW Billion	Nov 2025
Government Budget Value	-43259.00	-43978.00	KRW Billion	Nov 2025
Government Revenues	551139.00	513080.00	KRW Billion	Nov 2025
Government Spending	103620.70	102260.50	KRW Billion	Sep 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.