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NABO in the Press

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[Editorial] Growth in deficit
The Korea Herald - November 27, 2012

Lawmakers are demanding an increase in spending next year at a time when they should scale down or abolish projects that are not high priority

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[Editorial] Brakes on Jeju base
The Korea Herald - November 14, 2012
The main opposition Democratic United Party has again put the brakes on the construction of a naval base on Jeju Island. The party has refused to pass a bill allocating 200 billion won for the project next year through the National Defense Committee of the National Assembly.
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Korea to log 20 tril. won in fiscal deficit annually until 2016
The Korea Times - November 5, 2012
  Korea will post about 20 trillion won ($18.2 billion) in fiscal deficit every year until 2016, a parliamentary office said Sunday, casting doubt over the government's push to achieve a balanced budget in a couple of years.
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S. Korean economy will grow 2.4 pct in 2013 if eurozone crisis resurges: ...
MBN - October 23, 2012
The South Korean economy is likely to grow by a mere 2.4 percent if the southern Europe’s debt crisis resurges next year, estimated the National Assembly Budget Office (NABO) in Korea Tuesday.
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Tariff revenue to drop sharply in 2012: report
The Korea Times Biz - October 23, 2012
Korea's tariff revenue will likely shrink significantly this year due to the implementation of more free trade deals and the government's move to lower tariffs on some products to stabilize import prices, a parliamentary report showed Tuesday
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