Overview
Discussions Key data points
Last release
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Observation period
Q3 2024
Next release
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Forecast
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Highest
99.33 T KRW on Sep 30, 2024
Lowest
2.93 T KRW on Sep 30, 1961
About South Korea Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.