South Korea's budget balance in relation to GDP 2027
The budget balance in relation to the gross domestic product of South Korea was forecast to increase between 2022 and 2027 by in total two percentage points. This overall increase does not happen continuously, notably not in 2025 and 2027. The budget balance is estimated to amount to 0.16 percent in 2027.
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 gross domestic product in countries like Japan, Taiwan and China.
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 gross domestic product in countries like Japan, Taiwan and China.
