South Korea recorded a government budget deficit of 48889 KRW Billion in May of 2022. source: The Bank of Korea

Government Budget Value in South Korea averaged 871.95 KRW Billion from 1999 until 2022, reaching an all time high of 42914 KRW Billion in November of 2007 and a record low of -89971 KRW Billion in June of 2020. This page provides - South Korea Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Budget Value - values, historical data and charts - was last updated on August of 2022.

Government Budget Value in South Korea is expected to be -26000.00 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 Budget Value is projected to trend around -23000.00 KRW Billion in 2023, according to our econometric models.

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South Korea Government Budget Value



Related Last Previous Unit Reference
Government Budget Value -48889.00 -21317.00 KRW Billion May 2022
Government Spending 87638.00 86413.00 KRW Billion Jun 2022
Government Revenues 281457.00 236310.00 KRW Billion May 2022
Fiscal Expenditure 330346.00 257627.00 KRW Billion May 2022
Government Spending to GDP 33.87 31.15 percent of GDP Dec 2019

South Korea Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.
Actual Previous Highest Lowest Dates Unit Frequency
-48889.00 -21317.00 42914.00 -89971.00 1999 - 2022 KRW Billion Monthly
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