SOUTH KOREA GOVERNMENT NET LENDING AND BORROWING


THE GOVERNMENT NET LENDING AND BORROWING IN SOUTH KOREA WAS REPORTED AT 428.67 BILLIONS SOUTH KOREAN WON IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). NET LENDING (+)/ BORROWING (-) IS CALCULATED AS REVENUE MINUS TOTAL EXPENDITURE. THIS IS A CORE GFS BALANCE THAT MEASURES THE EXTENT TO WHICH GENERAL GOVERNMENT IS EITHER PUTTING FINANCIAL RESOURCES AT THE DISPOSAL OF OTHER SECTORS IN THE ECONOMY AND NONRESIDENTS (NET LENDING); OR UTILIZING THE FINANCIAL RESOURCES GENERATED BY OTHER SECTORS AND NONRESIDENTS (NET BORROWING). THIS BALANCE MAY BE VIEWED AS AN INDICATOR OF THE FINANCIAL IMPACT OF GENERAL GOVERNMENT ACTIVITY ON THE REST OF THE ECONOMY AND NONRESIDENTS (GFSM 2001; PARAGRAPH 4.17). NOTE: NET LENDING (+)/BORROWING (?) IS ALSO EQUAL TO NET ACQUISITION OF FINANCIAL ASSETS MINUS NET INCURRENCE OF LIABILITIES. IN 2009, SOUTH KOREA'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 1.94 PERCENT. IN 2015, SOUTH KOREA'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 1.98 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR SOUTH KOREA'S GOVERNMENT NET LENDING AND BORROWING.



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IMF Data Specifications


CountrySouth Korea
Subject DescriptorGeneral government net lending/borrowing
Subject NotesNet lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending); or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001; paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.
UnitsSouth Korean Won
ScaleBillions
Country/Series-specific NotesSource: Ministry of Finance Latest actual data: 2008 Fiscal period reported: January/December GFS Manual Used: 2001 Basis of Recording: Cash Includes: Central Government
Estimates Start After2008
TitleSouth Korea Government Net Lending and Borrowing
KeywordsSouth Korea Government Net Lending and Borrowing, South Korea Government Net Lending and Borrowing data,South Korea Government Net Lending and Borrowing chart,South Korea Government Net Lending and Borrowing historical data,South Korea Government Net Lending and Borrowing graph,South Korea Government Net Lending and Borrowing forecast.