South Korea recorded a government budget deficit of 22340 KRW Billion in August of 2019. Government Budget Value in South Korea averaged 5472.73 KRW Billion from 1999 until 2019, reaching an all time high of 42914 KRW Billion in November of 2007 and a record low of -38492 KRW Billion in June of 2019.

South Korea Government Budget Value
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.60 36.30 39.90 8.24 percent [+]
Government Budget -1.60 -1.10 3.47 -4.10 percent of GDP [+]
Government Budget Value -22340.00 -24289.00 42914.00 -38492.00 KRW Billion [+]
Government Spending 75743.40 74118.60 75743.40 2742.81 KRW Billion [+]
Government Revenues 307978.00 277504.00 438262.00 14987.00 KRW Billion [+]
Fiscal Expenditure 330168.00 301794.00 407099.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]


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. This page provides - South Korea Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Budget Value - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-22340.00 -24289.00 42914.00 -38492.00 1999 - 2019 KRW Billion Monthly
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Country Last Previous
Argentina -25368.30 Sep/19
Australia -9001.00 Jun/19
Brazil -63644.00 Aug/19
Canada -1470.00 Jul/19
China -257.10 Aug/19
France -123.14 Aug/19
Germany 7.47 Mar/19
India -5538.40 Aug/19
Indonesia -259900.00 Dec/18
Italy 13.26 Aug/19
Japan -117024.00 Jun/19
Mexico 34970.00 Aug/19
Netherlands -18.70 Jun/19
Russia 2986.22 Sep/19
Saudi Arabia -135704.00 Dec/18
Singapore 4068.40 Aug/19
South Africa -42808.00 Aug/19
South Korea -22340.00 Aug/19
Spain -14937.00 Aug/19
Switzerland 2176.00 Dec/19
Turkey 837007.00 Aug/19
United Kingdom -1819.00 Aug/19
United States -200344.00 Aug/19


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