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NABO in the Press

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Women Outnumber Men: A New Era of Change
The Kyunghyang Shinmun - November 24, 2014
The total population will peak at 52.1 million in 2030 and begin decreasing in 2031. The number of those employed is expected to begin declining in 2027, four years before that. According to the data from the National Assembly Budget Office, the number of those employed this year was 25.5 million, and this figure will decrease to 23.3 million by 2060. This means that tax revenues and pension contributions will decrease while the budget and pension payouts will increase. The parliamentary budget office expects the real growth rate to fall from 3.6% this year to 0.8% in 2060.
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Women expected to outnumber men in 2015
Koreatimes - November 23, 2014
According to a long-term economic report for the 2014-2060 period released by the National Assembly Budget Office, the country's economic growth could fall to 0.8 percent from its projection of 3.6 percent for the year due to the low birthrate and the aging population.
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Doubt about universal welfare
Koreatimes - November 21, 2014
What's most problematic with universal welfare is that providing welfare benefits for all people regardless of income and wealth requires a huge budget. For example, about 2.6 trillion won is needed this year alone to prop up the free school lunch programs, and this figure is more than four times bigger than the 560 billion won spent in 2010. It's no wonder that the National Assembly Budget Office expects the budget for free education to surge 16 percent per year for a considerable time.
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‘Low R&D productivity to plague Korea’s growth’
The Korea Herald - November 17, 2014
Some 170 research agencies funded by taxpayers’ money had only about 5 employees on average assigned to a technology transfer division in 2012, the National Assembly Budget Office noted.
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Debt behind Korea’s notorious suicide rate
The Korea Herald - November 16, 2014
According to data of the National Assembly Budget Office obtained by The Korea Herald, South Koreans in every age group ― except teenagers and children ― said they thought of killing themselves the most when they faced “financial difficulties,” through the years of 2006 to 2012.

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