Fiscal Expenditure in South Korea increased to 358112 KRW Billion in July from 328990 KRW Billion in June of 2021. source: The Bank of Korea

Fiscal Expenditure in South Korea averaged 154415.56 KRW Billion from 1999 until 2021, 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 September of 2021.

Fiscal Expenditure in South Korea is expected to be 415000.00 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 415000.00 KRW Billion in 2022, according to our econometric models.

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South Korea Fiscal Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
358112.00 328990.00 472025.00 7012.00 1999 - 2021 KRW Billion Monthly
Current Prices, NSA, Cumulative

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.60 36.40 42.60 8.24 percent of GDP [+]
Government Budget -6.10 -2.60 3.47 -6.10 percent of GDP [+]
Government Budget Value -20709.00 -47188.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 84290.80 81092.00 84290.80 2925.40 KRW Billion [+]
Government Revenues 337403.00 281802.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 358112.00 328990.00 472025.00 7012.00 KRW Billion [+]
Military Expenditure 46056.00 43891.00 46056.00 189.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 6684.00 15451.00 16173.00 4.00 Persons [+]
Government Spending To GDP 31.15 30.27 32.28 17.90 percent of GDP [+]


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.