South Korea Government Budget Value  Forecast


South Korea Government Budget Value
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Government Budget Value in South Korea is expected to be 9760.20 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 5210.83 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 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 12656 9760 6451 5187 5211 -4300
Government Spending 58079 57384 57698 57931 58152 59117
Government Revenues 309794 364000 125616 92400 139697 396000
Fiscal Expenditure 297138 353000 126401 129706 132805 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