A medium-term expenditure framework is considered an essential element of public financial management reform, and this framework has been adopted in many countries. However, in terms of implementation in those countries, the medium-term expenditure framework continues to present a significant...

A medium-term expenditure framework is considered an essential element of public financial management reform, and this framework has been adopted in many countries. However, in terms of implementation in those countries, the medium-term expenditure framework continues to present a significant...

Contents: Foreword / by Jeong Pyo Choi -- 1. Introduction and overview / Robert Clark, YoungWook Lee and Andrew Mason -- Part 1 Fiscal sustainability and accountability: 2. An evaluation of fiscal sustainability in Korea / SeongTae Kim -- 3. Implications of delaying US social security financing...