|Unit||Bil. KRW YTD, NSA|
|Adjustments||Not Seasonally Adjusted|
|Government Budget Balance||May 2022||-48,889||-21,317||Bil. KRW YTD, NSA||Monthly|
|Government Expenditures||May 2022||330,346||257,627||Bil. KRW, NSA||Monthly|
|Government Revenues||May 2022||281,457||236,310||Bil. KRW YTD, NSA||Monthly|
|Outstanding Public Debt||2022 Q1||654,097||632,393||Mil. USD, NSA||Quarterly|
For South Korea, central government revenue, expenditure and budget balance. Monthly from 1999.
Scope of the data
Institutional coverage of central government in reported data: The central government operations data cover the consolidated central government i.e., all the budgetary units of the central government (ministries, their branches, and agencies, and the social security funds) and the extra-budgetary funds managed by these units. The accounts of the central government are comprised of the general account, special accounts, extrabudgetary funds (including social security funds) and off-budget items. Extrabudgetary funds include social security funds such as National Pension Fund. The special accounts regarding the nonfinancial public enterprises are not included in the government operations data described in this metadata.
Source data collection programs
For the headline items (balance, revenue, expenditure) we construct discrete (non-YTD) and seasonally adjusted versions.
The monthly data are preliminary when first released. The monthly data will become final when the final general government balance data for the next reference year is released.