Government budget and revenue in Busan, South Korea: official figures
Local taxes collected in Busan came to 6.57 trillion won in 2023 (settled accounts), 3rd highest of 17. This covers the local taxes of the provincial or metropolitan government and of the cities, counties and districts inside it.
How much local tax does each person pay in Busan?
Local tax per resident in Busan was 1,995,940 won in 2023, 7th lowest of 17 (national: 2,224,420 won).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow much local tax does each household pay in Busan?
Local tax per household in Busan was 4,201,330 won in 2023, 7th lowest of 17 (national: 4,773,980 won).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow financially independent is Busan?
The fiscal independence ratio of Busan, the share of its general account budget covered by its own revenue (local taxes and other own income) rather than central government transfers, was 46.0% in 2023 on a settled-accounts basis, 6th highest of 17 (national average: 40.1%).
Source: Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics) · saved copyHow Busan compares with other metropolitan cities
Fiscal independence ratio (2023)
Busan ranks 6 of 17, highest first. Share of the budget raised from own revenue. Settled-accounts basis, as published by the Ministry of the Interior and Safety.
| Rank | Region | Fiscal independence ratio |
|---|---|---|
| 3 | Gyeonggi Province | 53.1% |
| 4 | Incheon | 49.1% |
| 5 | Sejong | 47.6% |
| 6 | Busan | 46.0% |
| 7 | Daegu | 42.5% |
| 8 | Daejeon | 40.1% |
| 9 | Gwangju | 37.3% |
Local tax per resident (won) (2023)
Busan ranks 11 of 17, highest first.
| Rank | Region | Local tax per resident (won) |
|---|---|---|
| 8 | North Gyeongsang Province | 2,062,850 won |
| 9 | Gangwon State | 2,013,170 won |
| 10 | Sejong | 2,008,740 won |
| 11 | Busan | 1,995,940 won |
| 12 | South Gyeongsang Province | 1,976,660 won |
| 13 | Incheon | 1,970,200 won |
| 14 | Jeonbuk State | 1,880,480 won |
More on Busan: overview · economy and jobs · health · education and schools · poverty and living standards · South Korea
Sources
- Ministry of the Interior and Safety, published on KOSIS (Ministry of Data and Statistics): Korea City Statistics: local tax per person and fiscal independence ratio, with resident registration population and households, 2023 (table DT_110001_A012), read 23 October 2026 · saved copy (SHA-256 0ed0a4bf00d3…)
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