South Korea Government Budget ValueSouth Korea Government Budget ValueSouth Korea Government Budget Value

South Korea Government Budget Value

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Key data points

Last release
Observation period
Feb 2024
Next release
Forecast
Highest
‪42.91 T‬KRW on Nov 30, 2007
Lowest
‪−89.97 T‬KRW on Jun 30, 2020

About South Korea Government Budget Value

Category
Government
Frequency
Monthly
Units
KRW
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.