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December 17, 2017, 17:01 [KST]


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NABO in the Press

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IMF recommends Korea overhaul pension schemes
THE KOREA TIMES - December 21, 2016
It cited the Korean authorities' latest official forecast, according to which the National Pension Service (NPS) system will turn into an overall fiscal deficit in 2044 and the pension assets will be fully depleted by 2060. According to the National Assembly Budget Office, the depletion is expected to come in 2058, which is two years earlier than the government estimation.
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New regulation cools a heated market
KOREA JOONGANG DAILY - December 3, 2016
One study by the National Assembly Budget Office warns that while falling apartment prices might not have an immediate impact on the financial market, it could pose a threat later. If prices continue to tumble 20 percent, the amount of mortgage debt taken on by households, even after those with the highest risk sell all their assets at 70 percent of the current value, will total 28.8 trillion won.
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Tax benefits increase fivefold
THE KOREA TIMES - November 23, 2016
The National Assembly Budget Office said Wednesday that Korea's tax benefits in the form of exemptions and reductions have increased fivefold over the last 17 years, calling for an efficient retooling of its tax codes in the face of growing social welfare cost.
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Economic leadership adrift amid political turmoil
The Korea Herald - November 16, 2016
According to the National Assembly Budget Office, South Korea’s private consumption is projected to increase by 2.2 percent next year, down from the estimated 2.3 percent for this year. Construction investment, which is expected to expand by 6.8 percent in 2016, is forecast to grow at a much slower pace of 2.1 percent next year.
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Household debt poses greatest risk: BOK
The Korea Times - November 10, 2016
The National Assembly Budget Office (NABO) also said in a report that Korea's monetary policy has reached its limit as a tool to revive the economy.
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