South Korea recorded a government budget deficit of 7906 KRW Billion in November of 2019. Government Budget Value in South Korea averaged 5212.21 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. source: The Bank of Korea
Government Budget Value in South Korea is expected to be -19000.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in South Korea to stand at 18000.00 in 12 months time. In the long-term, the South Korea Government Budget Value is projected to trend around 23000.00 KRW Billion in 2020, according to our econometric models.