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 decreased to 104134.40 KRW Billion in the first quarter of 2026 from 104603.30 KRW Billion in the fourth quarter of 2025. Government Spending in South Korea averaged 32808.05 KRW Billion from 1960 until 2026, reaching an all time high of 104603.30 KRW Billion in the fourth quarter of 2025 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 105718.00 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 110974.00 KRW Billion in 2027 and 114081.00 KRW Billion in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	203697.00	124436.00	KRW Billion	Mar 2026
Government Budget Value	-22786.00	-7086.00	KRW Billion	Mar 2026
Government Revenues	180911.00	117351.00	KRW Billion	Mar 2026
Government Spending	104134.40	104603.30	KRW Billion	Mar 2026
Government Spending to GDP	35.60	37.02	percent of GDP	Dec 2023

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.