Fiscal Expenditure in South Korea increased to 432731 KRW Billion in July from 393796 KRW Billion in June of 2022. source: The Bank of Korea

Fiscal Expenditure in South Korea averaged 163082.21 KRW Billion from 1999 until 2022, reaching an all time high of 568013 KRW Billion in December of 2021 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 September of 2022.

Fiscal Expenditure in South Korea is expected to be 455000.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Fiscal Expenditure is projected to trend around 600000.00 KRW Billion in 2023 and 560000.00 KRW Billion in 2024, according to our econometric models.

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South Korea Fiscal Expenditure

Related Last Previous Unit Reference
Government Budget Value -56339.00 -75011.00 KRW Billion Jul 2022
Government Spending 87638.00 86413.00 KRW Billion Jun 2022
Government Revenues 376392.00 318786.00 KRW Billion Jul 2022
Fiscal Expenditure 432731.00 393796.00 KRW Billion Jul 2022
Government Spending to GDP 33.87 31.15 percent of GDP Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
432731.00 393796.00 568013.00 7012.00 1999 - 2022 KRW Billion Monthly
Current Prices, NSA, Cumulative