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Reforming the Public Expenditure System in Korea
| Content Provider | Semantic Scholar |
|---|---|
| Author | Nam, Young-Sook Jones, Randall S. |
| Copyright Year | 2003 |
| Abstract | Although Korea has the second-lowest level of public spending among OECD countries at 22½ per cent of GDP, it faces strong upward spending pressures over the medium and longer term, which could threaten fiscal sustainability. This paper analyses the main features of Korea’s public expenditure system and reviews expenditure trends and the main forces behind them. The objective is to identify the major shortcomings in budget planning, management and control systems that have impeded better public sector performance. The paper concludes by proposing policy measures to enhance the effectiveness, efficiency and transparency of the public expenditure management system. These include managing public finance within a medium-term expenditure framework; making the budgetary system more comprehensive and transparent by consolidating special accounts and public funds and bringing extra-budgetary funds into the budget; introducing more flexible and results-focused public management to improve ... Reformer le systeme de depenses publiques Bien que les depenses publiques ne representent que 22½ pour cent du PIB, ce qui place la Coree a l’avant-dernier rang des pays de l’OCDE, les fortes pressions pour un accroissement des depenses a moyen et long terme pourraient menacer la viabilite budgetaire. Ce papier examine les specificites du systeme de depenses publiques en Coree et il passe en revue l’evolution des depenses et ses principaux facteurs. Le but est d’identifier les faiblesses dans le systeme pour formuler, gerer et controler le budget, qui ont empeche un meilleur resultat dans le secteur public. On proposera en conclusion un programme de reformes pour ameliorer l'efficacite, l'efficience et la transparence du systeme de gestion des depenses publiques. Cela comprend ; gerer les finances publiques dans un cadrage des depenses a moyen terme ; completer le dispositif budgetaire et le rendre plus transparent en consolidant les comptes speciaux et fonds publics et en integrant les fonds hors budget dans le ... |
| File Format | PDF HTM / HTML |
| DOI | 10.1787/866056726747 |
| Alternate Webpage(s) | https://www.oecd-ilibrary.org/docserver/866056726747.pdf?accname=guest&checksum=81BF72AB4A1C0BF2097AAD939A59E07D&expires=1544206460&id=id |
| Alternate Webpage(s) | https://doi.org/10.1787/866056726747 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
