Budget Formulation and Implementation in Korea: A Macroeconomic Perspective

This paper describes the main featues of the Korean fiscal system from a macroeconomic perspective. It discusses why fiscal outtrns tend to differ from the budget and makes suggestions to improve budget formulation and implementation. It also discusses how medium-term fiscal objectives such as maintaining a balanced budget and reducing public debt can be reconciled with the short-term objective of avoiding procyclical fiscal impulses in a downtun.

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Year of publication:	2003-03
Authors:	He, Dong
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005260206