South Korea recorded a government budget deficit of 21317 KRW Billion in April of 2022. source: The Bank of Korea

Government Budget Value in South Korea averaged 1058.32 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 June of 2022.

Government Budget Value in South Korea is expected to be -28300.00 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 -21317.00 -33145.00 KRW Billion Apr 2022
Government Spending 86413.00 86269.30 KRW Billion Mar 2022
Government Revenues 236310.00 163140.00 KRW Billion Apr 2022
Fiscal Expenditure 257627.00 196285.00 KRW Billion Apr 2022
Government Spending To GDP 31.15 30.27 percent of GDP Dec 2018

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
-21317.00 -33145.00 42914.00 -89971.00 1999 - 2022 KRW Billion Monthly
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