Fiscal Expenditure in South Korea increased to 417525 KRW Billion in November from 394024 KRW Billion in October of 2019. Fiscal Expenditure in South Korea averaged 145617.91 KRW Billion from 1999 until 2019, reaching an all time high of 417525 KRW Billion in November of 2019 and a record low of 7012 KRW Billion in January of 2002. source: The Bank of Korea

Fiscal Expenditure in South Korea is expected to be 140000.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Fiscal Expenditure in South Korea to stand at 399000.00 in 12 months time. In the long-term, the South Korea Fiscal Expenditure is projected to trend around 392000.00 KRW Billion in 2020, according to our econometric models.

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South Korea Fiscal Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
417525.00 394024.00 417525.00 7012.00 1999 - 2019 KRW Billion Monthly
Current Prices, NSA, Cumulative


South Korea Fiscal Expenditure
Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation.

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 -7906.00 -11394.00 42914.00 -38492.00 KRW Billion [+]
Government Spending 76796.50 75743.40 76796.50 2742.81 KRW Billion [+]
Government Revenues 409618.00 382629.00 438262.00 14987.00 KRW Billion [+]
Fiscal Expenditure 417525.00 394024.00 417525.00 7012.00 KRW Billion [+]
Credit Rating 86.00 [+]
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 [+]