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NABO in the Press

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Korea tightens belt amid global fiscal concerns
The Korea Herald - May 15, 2010
The Korean government aims to cut discretionary spending in next year’s budget by 10 percent, tightening its belt amid global fiscal worries.
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Mandated spending takes bigger piece of budget pie
JoonAng Daily - May 10, 2010
Korea’s mandatory budget spending may overtake discretionary expenditures in a few years on the back of rising fixed outlays to support an aging population and interest payments for government debt, a National Assembly report showed yesterday.
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Local government debt at dangerous levels
The Korea Times - May 10, 2010
The total debts of local governments are soaring at an alarming pace as they issued bonds to fund various economic stimulus projects amid falling tax income.
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State’s Debt Reaches W360 Tril. Last Year
The Korea Times - January 21, 2010
The country's debt reached 360 trillion won last year amid the implementation of a huge economic stimulus package. Divided among all Koreans, each citizen is an average of 7.4 million won in debt as far as the nation's debt goes.
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