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.

   
 
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South Korea Government Budget


Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -1.30 3.47 -4.10 1988 - 2013 Percent of GDP Yearly
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.

Government Last Previous Highest Lowest Unit
Government Budget -1.50 -1.30 3.47 -4.10 Percent of GDP [+]
Government Debt to GDP 33.80 34.80 34.80 7.99 Percent [+]
Government Budget Value -3873.00 -17500.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 50522.80 50306.30 50522.80 4673.10 KRW Billion [+]
Credit Rating 80.74 [+]





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