South Korea Government Budget
South Korea recorded a Government Budget deficit equal to 1.50 percent of the country's Gross Domestic Product in 2013. Government Budget in South Korea averaged -0.18 Percent of GDP from 1988 until 2013, reaching an all time high of 3.47 Percent of GDP in 2007 and a record low of -4.10 Percent of GDP in 2009. Government Budget in South Korea is reported by the Statistics Korea.
||1988 - 2013
||Percent of GDP
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. This page provides - South Korea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.