South Korea recorded a Government Budget deficit equal to 3.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - South Korea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the GDP in South Korea was forecast to continuously increase between 2024 and 2030 by in total 0.23 percentage points. The budget balance is estimated to amount to -0.41 percent in 2030. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Japan, Taiwan, and China.

South Korea recorded a government budget deficit of 35502 KRW Billion in May of 2025. This dataset provides - South Korea Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Korea Budget Plan: GG: Total Expenditure (TE): Year 4 data was reported at 500,900.000 KRW bn in 2017. This records an increase from the previous number of 443,000.000 KRW bn for 2016. Korea Budget Plan: GG: Total Expenditure (TE): Year 4 data is updated yearly, averaging 373,100.000 KRW bn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 500,900.000 KRW bn in 2017 and a record low of 266,000.000 KRW bn in 2005. Korea Budget Plan: GG: Total Expenditure (TE): Year 4 data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F009: Five Years Budget Plan Proposal: General Government .

In 2020, the total annual budget of e-sports related associations and organizations in South Korea amounted to approximately **** billion South Korean won, a decrease of around **** percent from the previous year. The largest share of this budget was made to establish e-sports stadium which will be conducted by Korea Creative Content Agency.

Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 0 data was reported at 447,200.000 KRW bn in 2018. This records an increase from the previous number of 423,100.000 KRW bn for 2017. Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 0 data is updated yearly, averaging 328,950.000 KRW bn from Dec 2005 (Median) to 2018, with 14 observations. The data reached an all-time high of 447,200.000 KRW bn in 2018 and a record low of 222,400.000 KRW bn in 2005. Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 0 data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F009: Five Years Budget Plan Proposal: General Government .

Korea Central Government Budget: Total data was reported at 428,826.230 KRW bn in 2018. This records an increase from the previous number of 400,545.940 KRW bn for 2017. Korea Central Government Budget: Total data is updated yearly, averaging 333,687.720 KRW bn from Dec 2007 (Median) to 2018, with 12 observations. The data reached an all-time high of 428,826.230 KRW bn in 2018 and a record low of 237,014.070 KRW bn in 2007. Korea Central Government Budget: Total data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F007: Central Government Budget By Sector.

In 2024, the South Korean government allocated approximately **** billion South Korean won for suicide prevention, which was an increase from about **** billion won in the previous year. While the budget for suicide prevention programs has been increasing steadily in recent years, it is still considered very low compared to international standards. As of 2021, South Korea had the highest suicide rate among the countries in the Organization for Economic Cooperation and Development (OECD).

Korea Budget Plan: GG: Total Expenditure (TE): Year 0 data was reported at 410,100.000 KRW bn in 2017. This records an increase from the previous number of 398,600.000 KRW bn for 2016. Korea Budget Plan: GG: Total Expenditure (TE): Year 0 data is updated yearly, averaging 309,100.000 KRW bn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 410,100.000 KRW bn in 2017 and a record low of 208,700.000 KRW bn in 2005. Korea Budget Plan: GG: Total Expenditure (TE): Year 0 data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F009: Five Years Budget Plan Proposal: General Government .

Graph and download economic data for General government net lending/borrowing for Korea (GGNLBAKRA188N) from 1995 to 2023 about budget, Korea, Net, and government.

Korea Budget Plan: GG: Total Expenditure (TE): Year 1 data was reported at 429,000.000 KRW bn in 2017. This records an increase from the previous number of 400,700.000 KRW bn for 2016. Korea Budget Plan: GG: Total Expenditure (TE): Year 1 data is updated yearly, averaging 326,100.000 KRW bn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 429,000.000 KRW bn in 2017 and a record low of 221,400.000 KRW bn in 2005. Korea Budget Plan: GG: Total Expenditure (TE): Year 1 data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F009: Five Years Budget Plan Proposal: General Government .

In 2021, the annual budget for information security of the South Korean Ministry of Science and ICT amounted to around *** billion South Korean won, up from about *** billion South Korean won in the previous year. The budget was increased in areas such as research and development, protection against hacker attacks, and security of *** services.

Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 1 data was reported at 481,300.000 KRW bn in 2018. This records an increase from the previous number of 447,100.000 KRW bn for 2017. Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 1 data is updated yearly, averaging 357,400.000 KRW bn from Dec 2005 (Median) to 2018, with 14 observations. The data reached an all-time high of 481,300.000 KRW bn in 2018 and a record low of 235,600.000 KRW bn in 2005. Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 1 data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F009: Five Years Budget Plan Proposal: General Government .

In 2025, South Korea allocated approximately ***** trillion South Korean won to its national defense budget. This was an increase compared to the previous year. South Korea's defense budget has steadily increased throughout the surveyed period.

Korea Budget Plan: GG: Total Expenditure (TE): Year 2 data was reported at 453,300.000 KRW bn in 2017. This records an increase from the previous number of 414,300.000 KRW bn for 2016. Korea Budget Plan: GG: Total Expenditure (TE): Year 2 data is updated yearly, averaging 341,900.000 KRW bn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 453,300.000 KRW bn in 2017 and a record low of 234,800.000 KRW bn in 2005. Korea Budget Plan: GG: Total Expenditure (TE): Year 2 data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F009: Five Years Budget Plan Proposal: General Government .

The lifetime prevalence of mental disorders in South Korea was 25.4% in 2016. The Act on Mental Health enabled the expansion of psychiatric facilities; however, resources were allocated without considering the population structure or the characteristics of mental health problems. This paper investigates the status and trends of disease burden and the government budget for Korean mental health. The burden of mental and behavioral disorders (MBDs) was measured using the incidence-based disability-adjusted life years (DALYs), and the mental health budget data was from the Ministry of Health and Welfare of South Korea. We estimated that the disease burden of MBDs accounted for 6.4% of the total disease burden, ranking as the seventh leading cause of Korean DALYs. The mental health budget in South Korea was USD 253.4 million in 2019 (USD 90.3 million from the general account, USD 65.8 million from the National Health Promotion Fund, and USD 97.3 million from the special account for the national mental hospitals). Challenges are created by the MBD burden on the Korean healthcare system, and the budget is insufficient to address this disease burden, suggesting that resource allocation systems should be improved.

In 2022, around **** percent of the annual budget of South Korean academic libraries was allocated to purchasing e-resources. This was the result of a continuous increase in the share of e-resource purchases over the past decade.

Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 3 data was reported at 525,400.000 KRW bn in 2018. This records an increase from the previous number of 492,000.000 KRW bn for 2017. Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 3 data is updated yearly, averaging 404,500.000 KRW bn from Dec 2005 (Median) to 2018, with 14 observations. The data reached an all-time high of 525,400.000 KRW bn in 2018 and a record low of 272,700.000 KRW bn in 2005. Korea Budget Plan: General Govt(GG): Total Revenue (TR): Year 3 data remains active status in CEIC and is reported by Ministry of Strategy and Finance. The data is categorized under Global Database’s Korea – Table KR.F009: Five Years Budget Plan Proposal: General Government .

In 2024, South Korean military spending accounted for around **** percent of the annual government budget. This was a slight increase from the previous year. The highest recorded share during the surveyed period was in 2017, when military spending accounted for **** percent of the total national budget.

Military Expenditure in South Korea decreased to 47571.30 USD Million in 2024 from 47801.90 USD Million in 2023. South Korea Military Expenditure - values, historical data, forecasts and news - updated on August of 2025.