South Korea Government Budget Value - Forecast

Government Budget Value in South Korea is expected to be -34000.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in South Korea to stand at -136800.00 in 12 months time. In the long-term, the South Korea Government Budget Value is projected to trend around 0.00 KRW Billion in 2020, according to our econometric models.


Forecast Data Chart
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South Korea Government Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 38 38.5 38.5 39 39 40
Government Budget -2 -2.3 -2.3 -2.7 -2.7 -3.2
Government Budget Value 9220 13000 26000 -1800 14000 33000
Government Spending 59634 58712 59812 61040 61304 63393
Government Revenues 276088 315000 411000 115200 255000 425000
Fiscal Expenditure 266868 302000 385000 117000 241000 392000
Credit Rating 84.4
Military Expenditure 37560 38200 38200 39870 39870 40650
Government Spending To Gdp 32.26 33.5 33.5 33.4 33.4 33.7
Asylum Applications 652 625 690 710 730 850