South Korea Government Spending - Forecast

Government Spending in South Korea is expected to be 58712.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in South Korea to stand at 61295.00 in 12 months time. In the long-term, the South Korea Government Spending is projected to trend around 63393.00 KRW Billion in 2020, according to our econometric models.


Forecast Data Chart
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South Korea Government Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 38 38.5 39 39 39 40
Government Budget -2 -2.3 -2.7 -2.7 -2.7 -3.2
Government Budget Value 15993 26000 -1800 14000 16000 33000
Government Spending 59634 60045 60980 61245 61364 62654
Government Revenues 309467 411000 115200 255000 321000 425000
Fiscal Expenditure 293473 385000 117000 241000 305000 392000
Credit Rating 84.4
Military Expenditure 37560 38200 39870 39870 39870 40650
Government Spending To Gdp 32.26 33.5 33.4 33.4 33.4 33.7
Asylum Applications 652 690 710 730 745 850