South Korea recorded a government budget deficit of 11804 KRW Billion in February of 2019. Government Budget Value in South Korea averaged 6256.53 KRW Billion from 1999 until 2019, reaching an all time high of 42914 KRW Billion in November of 2007 and a record low of -28619 KRW Billion in June of 2013.

South Korea Government Budget Value
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.00 38.30 38.30 8.24 percent [+]
Government Budget -1.60 -1.10 3.47 -4.10 percent of GDP [+]
Government Budget Value -11804.00 6893.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 62355.80 60505.20 62355.80 2742.81 KRW Billion [+]
Government Revenues 73087.00 49100.00 408637.00 14987.00 KRW Billion [+]
Fiscal Expenditure 84891.00 42206.00 379809.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]
Military Expenditure 37559.90 36934.40 37559.90 182.70 USD Million [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]


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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-11804.00 6893.00 42914.00 -28619.00 1999 - 2019 KRW Billion Monthly
Current Prices, NSA




Country Last Previous
Argentina 6726.40 Feb/19
Australia 10724.00 Feb/19
Brazil -45013.00 Feb/19
Canada -1536.00 Jan/19
China -30.00 Feb/19
France -36.90 Feb/19
Germany 5.87 Sep/18
India -8514.99 Feb/19
Indonesia -259900.00 Dec/18
Italy -27.22 Feb/19
Japan -41094.00 Dec/18
Mexico 15108.90 Feb/19
Netherlands 1.50 Dec/18
Russia 545.67 Mar/19
Saudi Arabia -238494.00 Dec/17
Singapore 830.00 Feb/19
South Africa 20781.00 Feb/19
South Korea -11804.00 Feb/19
Spain -11747.00 Feb/19
Switzerland 2176.00 Dec/19
Turkey -18675315.00 Feb/19
United Kingdom 6093.00 Feb/19
United States -146945.00 Mar/19


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