As we mark our 21st anniversary in 2024, NABO has served as a dedicated think tank, providing thorough support for the National Assembly’s budget deliberations through comprehensive analysis of budgets and settlements, fiscal and economic forecasting, taxation analysis, and program evaluation-all while proposing strategic directions for the national economy and fiscal management, and preparing for the future of our nation’s finances.

Korea today faces unprecedented challenges: economic pressures from high inflation and sluggish growth; demographic challenges including declining birthrate and rural extinction; and environmental threats from accelerating climate change. These complex crises, combined with tightening revenue conditions and expanding expenditure needs, make effective fiscal management more critical than ever. The moment calls for renewed vigor in stewarding our national finances to ensure both impact and sustainability.

Drawing on our two decades of expertise, NABO remains committed to analyzing national finances through the lens of public interest, providing objective, professional policy alternatives, and serving as both the guardian of the national finances and the guide for national policy.

As we look to the future, NABO will continue enhancing our support for parliamentary activities, striving to remain Korea’s most trusted fiscal policy institute. Your ongoing interest and support make our work possible and drive us to maintain the highest standards of excellence.

Thank you for your trust in our institution.