Fiscal Expenditure in South Korea increased to 472025 KRW Billion in November from 441754 KRW Billion in October of 2020. source: The Bank of Korea

Fiscal Expenditure in South Korea averaged 152714.67 KRW Billion from 1999 until 2020, reaching an all time high of 472025 KRW Billion in November of 2020 and a record low of 7012 KRW Billion in January of 2002. This page provides - South Korea Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Fiscal Expenditure - values, historical data and charts - was last updated on January of 2021.

Fiscal Expenditure in South Korea is expected to be 399000.00 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 399000.00 KRW Billion in 2022 and 392000.00 KRW Billion in 2023, according to our econometric models.

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South Korea Fiscal Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
472025.00 441754.00 472025.00 7012.00 1999 - 2020 KRW Billion Monthly
Current Prices, NSA, Cumulative

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 36.60 39.90 8.24 percent [+]
Government Budget -2.60 -0.60 3.47 -4.10 percent of GDP [+]
Government Budget Value -63264.00 -58956.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 80247.40 80151.90 80247.40 2925.40 KRW Billion [+]
Government Revenues 408760.00 382798.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 472025.00 441754.00 472025.00 7012.00 KRW Billion [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 30.27 30.30 34.90 18.60 percent [+]


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.