South Korea budget issues (in Won, dollar, budget per capita and budget size index)

Maynter socials

South Korea budget issues (in Won, dollar, budget per capita and budget size index)

14.South Korea budget in national currency with almost increased flow in last 18 years reached from 140 billion won to 440 billion won. Korea national budget revenue had 214% grown in last 2 decades. S.korea like China is industrial country and they are dependent to foreign raw material imports, so the increased flow of national budget along with stable position of national currency worth against dollar, has effective results on their economy and welfare. Although, it seems that S.Korea government deliberately decreased its own national currency worth for reaching to High profit in goods exports.

15.South Korea national budget in dollar was equal to $390 billion in 2018, which it had 225% growth in compare to 2000. Their budget in 2000 was $120 billion and it had some fluctuate in last years. In 2001, 2008, 2009 and 2014 South Korea budget in dollar had downfall, which this contractions just was seen in their 2008 national currency budget. This is obvious that in other contraction years they do not follow of their dollar budget trends in their national currencies budget. In fact on that years their foreign income had decline but because of the industrial infrastructure they use of S.korea internal economy potential. Also they use of Fiat currency on that years for public management, the same downfall was seen in their GDP and GDP per capita trends.

16.South Korean BPC (budget per capita) figure had different face with their budget figures. In fact their budget had bigger increase flow and also had very big increase amount in last two decades. But their BPC, which it was equal to $7500 in 2018, increased with lower slope in compare to their budget trend. Because in BPC we counted the population increase amount along with budget increase amount. South Korea BPC in two decades had 200% growth and its amount was lower about 21% in comparison to S.korea dollar budget growth.

17.S.korea B index or Budget size index, which shown us the distance in BPC with best amount of BPC in under review year, was equal to 16 of 100 in 2018. The B index trend shows they had not passing ideal amount of BPC by attention to South Korean people hard and depth works in industries and economy. S.korea are third complex economy in the world but welfare issues had not enough growth in South Korea. In fact they have ideal index in Asia but in comparison to welfare States they need to a bigger number of B index, almost 2 times bigger than of present index. Their B index just had 33% grown in last 2 decades. South Korean governments had real growth but they cannot forget that other countries had growth too. For this reason they have many raise and fall in B or budget size index in last years.

MAYNTER

Maysam Araee Daronkola


Maynter socials

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