Name: South Korea Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: South Korea,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Government Spending in South Korea increased to 106276 KRW Billion in the third quarter of 2026 from 104267.30 KRW Billion in the second quarter of 2026. Government Spending in South Korea averaged 33350.85 KRW Billion from 1960 until 2026, reaching an all time high of 106276.00 KRW Billion in the third quarter of 2026 and a record low of 2925.40 KRW Billion in the third quarter of 1961. source: The Bank of Korea

Government Spending in South Korea is expected to be 108787.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Government Spending is projected to trend around 112160.00 KRW Billion in 2027 and 115300.00 KRW Billion in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	457481.00	409437.00	KRW Billion	Jul 2026
Government Budget Value	-20076.00	-43901.00	KRW Billion	Jul 2026
Government Revenues	437404.00	365536.00	KRW Billion	Jul 2026
Government Spending	106276.00	104267.30	KRW Billion	Sep 2026
Government Spending to GDP	35.60	37.02	percent of GDP	Dec 2023
Tax Revenue	373.90	336.50	KRW Trillion	Dec 2025

South Korea Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.