In 2023, South Korea reported a government budget deficit of approximately 36.8 trillion South Korean won. The fiscal deficit of South Korea worsened significantly following the outbreak of the COVID-19 pandemic.
Government budget balance in South Korea from 1970 to 2023
(in trillion South Korean won)
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Statistics Korea. (June 18, 2024). Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won) [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea. "Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won)." Chart. June 18, 2024. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea. (2024). Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea. "Government Budget Balance in South Korea from 1970 to 2023 (in Trillion South Korean Won)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1478342/south-korea-budget-balance/
Statistics Korea, Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1478342/south-korea-budget-balance/ (last visited December 25, 2024)
Government budget balance in South Korea from 1970 to 2023 (in trillion South Korean won) [Graph], Statistics Korea, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1478342/south-korea-budget-balance/