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NABO in the Press

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Young civil servants would bear brunt of pension reform plan
The Korea Herald - October 20, 2014
The civil service pension fund has been in the red since 1999, and some 3.5 trillion won ($3.3 billion) will be needed to cover the shortfalls in 2016 if the current imbalance continues, according to the National Assembly Budget Office.
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National Pension to invest 100 tril. won in stocks
Koreatimes - October 13, 2014
The National Assembly Budget Office said in a recent report that the NPS should keep in mind that stability should come before profitability in the management of the fund, as it is a kind of debt where the money should be returned to the people.
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S. Korea’s potential growth to stagnate over next 4 years
MKNews - October 10, 2014
The National Assembly Budget Office (NABO) forecast in its 2015 and mid-term economic outlook Thursday that Korea’s potential growth rate would hit at annual average 3.6 percent from 2015 to 2018.
 
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Battling dementia
The Korea Herald - September 26, 2014
A set of figures shows how serious the situation is. The National Assembly Budget Office said recently that about 610,000, or 9.58 percent, of people aged 65 or older are estimated to have been afflicted with dementia last year. The figure is forecast to rise to 840,000 in 2020 and 2.17 million in 2050. In proportion to the total population, the rate is forecast to increase to 5.6 percent in 2050 from 1.1 percent in 2012.
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After supporting Ice Bucket Challenge, Pres. Park cuts funding for ALS
Hani - September 22, 2014
An accounts analysis report from July 2013 by the National Assembly Budget Office found that "rare and incurable diseases tend to carry higher medical costs, as they often require ongoing and costly treatment and expensive medications."
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