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NABO in the Press

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67% of supplementary budget projects not feasible within the year
MK News - July 13, 2015
45 projects, planned for implementation with supplementary budget by the South Korean government, would unlikely have a visible outcome within this year, according to the National Assembly Budget Office (NABO).
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Supplementary budget bill divides Assembly
The Korea Herald - July 12, 2015
The National Assembly Budget Office reported Sunday that the 400 million won earmarked in the budget for loans to medical centers that treated MERS patients had “unclear” financing plans.
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Tobacco tax revenue jumps 38% in H1
The Korea Herald - July 12, 2015
Back in March, the National Assembly Budget Office estimated that this year’s tobacco tax revenue will grow 5.5 trillion won. Parliamentary researchers predicted that the nation’s cigarette purchases would reach 3.5 billion packs, 800 million more than the government estimate.
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Nearly 10% of gov’t budget was not executed last year
MK News - June 22, 2015

National Assembly Budget Office said in its report out on Monday that the central government executed a budget of 146 trillion won in the first half of 2014, but the actual spending reached 132 trillion won. The government executed 59 percent of the planned budget in the first half of last year to boost economy earlier. Early government spending is believed to help raise the country’s growth rate.

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[Editorial] Inappropriate time - Corporate tax hike can be considered, bu...
The Korea Herald - May 26, 2015
The measure came after the International Monetary Fund and the National Assembly Budget Office lowered their forecasts for Korea’s economic growth to 3.1 percent and 3 percent, respectively, earlier this month.
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