South Korea Government Budget Value - Forecast

Government Budget Value in South Korea is expected to be 13670.90 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 6000.00 in 12 months time. In the long-term, the South Korea Government Budget Value is projected to trend around -4300.00 KRW Billion in 2020, according to our econometric models.


South Korea Government Budget Value
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South Korea Government Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 38.6 38 38 38 38 40
Government Budget -2.4 -2.9 -2.9 -1.07 -2.9 -3.2
Government Budget Value 29177 13671 6936 4639 6000 -4300
Government Spending 58383 59007 59596 59988 60417 62723
Government Revenues 375562 144616 92400 139850 371000 396000
Fiscal Expenditure 346385 154183 130251 132611 365000 396000
Credit Rating 84.4
Military Expenditure 37265 41430 41430 37851 37983 39657
Government Spending To Gdp 32.3 34.5 34.5 31.79 34.5 36
Asylum Applications 652 618 580 592 850 950