South Korea Government Budget Value  Forecast


Government Budget Value in South Korea is expected to be 8132.55 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 5239.76 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.


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South Korea Government Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 38.6 39 38 38 38.65 44
Government Budget -2.4 -3.5 -2.9 -2.9 -0.38 -3.2
Government Budget Value 16089 8133 5837 5101 5240 -4300
Government Spending 56774 57384 57698 57931 58152 59117
Government Revenues 251480 364000 135382 92400 137269 396000
Fiscal Expenditure 235390 353000 128284 131410 131636 396000
Credit Rating 84.4
Military Expenditure 37265 37983 41430 41430 38527 39657
Asylum Applications 652 810 618 580 592 950
Government Spending To Gdp 32.3 34 34.5 34.5 31.7 36