[Analysis & Evaluation Reports > Fiscal Estimates & Tax System Analysis ] 2023-01-09

    Examination Progress and Highlights of the 2022 Tax Act Revision           Published on January 9, 2023Published by First Tax Policy Analysis Division 2          A total of 19 national tax-related laws were reviewed and a total of 334 tax bills were subject to review at the 400th regular session and the 401st extraordinary session. On December 23 and 28, 2022, the National Assembly deliberated and resolved on 17 bil...

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  Examination Progress and Highlights of the 2022 Tax Act Revision

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[Periodicals > NABO Focus ] 2022-11-16

- The Government submitted the National Statement of Accounts Report for FY2021 to the National Assembly on May 31, 2022.- After examination by the Standing Committees and the Special Committee on Budget and Accounts (SCBA), the original bill for the FY2021 settlement of accounts was decided on at the plenary session on November 10, 2022.- The National Assembly agreed on 1,394 corrections in the FY2021 settlement of accounts review.- The National Assembly agreed on 22 corrections in the approval...

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  Vol. 53 The Main Content of the FY2021 Settlement of Accounts Review.pdf

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[Periodicals > NABO Focus ] 2022-10-27

▪ The Inflation Reduction Act was signed into law on August 16, 2022.  - The Inflation Reduction Act (IRA) is a slimmed-down version of the Biden administration’s Build Back Better Act (BBBA).  - The IRA primarily invests in energy security, combating climate change, increasing access to health care, and strengthening tax enforcement.  - The US Congressional Budget Office (CBO) expects the Act’s impact on inflation reduction to be less than expected, but it will hel...

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  Vol. 52 An Overview of the Content and Impact of the US Inflation Reduction Act.pdf

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[Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2022-10-05

    Economic Outlook for 2023 and the Medium-Term           Published on Oct., 5, 2022Published by Economic Analysis Department          The domestic economy is expected to grow by 2.5% and 2.1% in 2022 and 2023, respectively, due to slowing global economic growth, global inflation, and key interest rate raises in major countries. Looking at the areas of expenditures, private consumption is expected to demonstrate a sol...

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  Economic Outlook for 2023 and the Medium Term Ⅰ(Expenditures).pdf

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  Economic Outlook for 2023 and the Medium Term Ⅰ(Expenditures)

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[Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2022-10-05

    Economic Outlook for 2023 and the Medium-Term           Published on Oct., 5, 2022Published by Economic Analysis Department          The domestic economy is expected to grow by 2.5% and 2.1% in 2022 and 2023, respectively, due to slowing global economic growth, global inflation, and key interest rate raises in major countries. Looking at the areas of expenditures, private consumption is expected to demonstrate a sol...

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  Economic Outlook for 2023 and the Medium Term Ⅰ(Expenditures).pdf

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  Economic Outlook for 2023 and the Medium Term Ⅱ(Growth and Finance)

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[Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2022-10-05

    Economic Outlook for 2023 and the Medium-Term           Published on Oct., 5, 2022Published by Economic Analysis Department          The domestic economy is expected to grow by 2.5% and 2.1% in 2022 and 2023, respectively, due to slowing global economic growth, global inflation, and key interest rate raises in major countries. Looking at the areas of expenditures, private consumption is expected to demonstrate a sol...

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  Economic Outlook for 2023 and the Medium Term Ⅰ(Expenditures).pdf

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  Economic Outlook for 2023 and the Medium Term Ⅲ(Production)

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[Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2022-10-05

    Economic Outlook for 2023 and the Medium-Term           Published on Oct., 5, 2022Published by Economic Analysis Department          The domestic economy is expected to grow by 2.5% and 2.1% in 2022 and 2023, respectively, due to slowing global economic growth, global inflation, and key interest rate raises in major countries. Looking at the areas of expenditures, private consumption is expected to demonstrate a sol...

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  Economic Outlook for 2023 and the Medium Term Ⅰ(Expenditures).pdf

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  Economic Outlook for 2023 and the Medium Term Ⅳ(Income and Population, Employment)

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[Analysis & Evaluation Reports > ] 2022-09-16

ContentsⅠ. Introduction to the National Assembly Budget OfficeⅡ. Major Achievements and ProgramsⅢ. Key Research and Analysis ReportsⅣ. PeriodicalsⅤ. Bill Cost Estimations and Research and Analysis Responses ...

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  2021 NABO Annual Report.pdf

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[Periodicals > NABO Focus ] 2022-09-05

The government formalized the introduction of fiscal rules at a fiscal strategy meeting on July 7, 2022. This study analyzes the revised fiscal rules’ impact based on NABO’s Long-Term Fiscal Projections 2022–2070 (Aug 2022).The debt-to-GDP ratio by 2070 is forecasted to range from 77.3% to 192.6% based on the assumption that the discretionary spending level can be adjusted and controlled (medium population projection scenario). Applying different population projection scenarios (low, medium, and...

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  Vol. 51 Impact Analysis of the Introduction of Fiscal Rules Based on the NABO Long-Term Fiscal Projections 2022-2070.pdf

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[Periodicals > NABO Focus ] 2022-08-19

▪ Implementation of The CHIPS and Science Act of 2022▪ As a crucial part of high-tech industries, it is essential to ensure a stable supply of semiconductors.▪ US companies hold a significant share of the growing global semiconductor market.▪ The US is strengthening its semiconductor sovereignty through policies that could accelerate the global race for dominance in this field.▪ China is working to develop its semiconductor industry through the “Made in China 2025” strategy.▪ The US is promoting...

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  Vol. 50 The Main Content and Impact of the CHIPS and Science Act.pdf

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