South Korea recorded a government budget deficit of 70888 KRW Billion in August of 2020. source: The Bank of Korea

Government Budget Value in South Korea averaged 3312.08 KRW Billion from 1999 until 2020, reaching an all time high of 42914 KRW Billion in November of 2007 and a record low of -89971 KRW Billion in June of 2020. This page provides - South Korea Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Government Budget Value - values, historical data and charts - was last updated on October of 2020.

Government Budget Value in South Korea is expected to be 18000.00 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 2021, according to our econometric models.

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South Korea Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-70888.00 -75607.00 42914.00 -89971.00 1999 - 2020 KRW Billion Monthly
Current Prices, NSA


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.