Overview
Discussions Key data points
Last release
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Observation period
Jul 2024
Next release
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Forecast
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Highest
42.91 T KRW on Nov 30, 2007
Lowest
−89.97 T KRW on Jun 30, 2020
About South Korea Government Budget Value
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.