Key data points
Last release
—
Observation period
2022
Next release
—
Forecast
—
Highest
3.47% on Dec 31, 2007
Lowest
−7.00% on Dec 31, 2022
About South Korea Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.