Main Menu Content
Kor.
  • 145

    Vol. 67 Reasons Behind Recent Tax Revenue Estimation Errors and the 2024 Revenue Forecast (English Edition)

    [Periodicals > NABO Focus ] 2023-11-21

    ▪ Recent uncertainties in the tax revenue landscape have resulted in significant estimation errors, posing challenges to effective fiscal management.▪ Below demonstrates the reasons behind the significant revenue deficit in 2023 and assesses the revenue projections for 2024, considering the persistence of the factors that led to the shortfall.▪ The predominant factors behind the 2023 tax revenue deficit are corporate and transfer income taxes.▪ The significant deficit in tax revenue primarily re...

    • FILE

      Vol. 67 Reasons Behind Recent Tax Revenue Estimation Errors and the 2024 Revenue Forecast.pdf

      download
  • 144

    Vol. 66 Strategies to Lower Private Education Costs and Fund Digital Advancements in Public Schools (English Edition)

    [Periodicals > NABO Focus ] 2023-11-20

    ▪ While Korean public education is universally accessible, it hasn’t fully met parents’ and students’ expectations for high-quality education, leading to substantial spending on private tutoring.▪ As dependence on private education in primary and secondary levels increases, notable differences are seen across various income groups and regions, potentially widening educational disparities.▪ The traditional public education model, geared towards the average student, has contributed to the growth o...

    • FILE

      Vol. 66 Strategies to Lower Private Education Costs and Fund Digital Advancements in Public Schools.pdf

      download
  • 143

    Vol. 65 Diagnosis and Response Strategies for the Korean Economy (English Edition)

    [Periodicals > NABO Focus ] 2023-11-17

    ▪ The National Assembly Budget Office forecasts that, from 2023 to 2027, the Korean economy will experience an average annual growth rate of 2.2%.▪ Between 2023 and 2027, the Korean economy is anticipated to see significant growth contributions from both the private sector (on the demand side) and other productivity2) (on the supply side).▪ There is a risk of economic growth deceleration considering factors such as the trajectory of growth, supply and demand dynamics, etc.▪ Investigate the poten...

    • FILE

      Vol. 65 Diagnosis and Response Strategies for the Korean Economy.pdf

      download
  • 142

    Vol. 64 Measures for Revitalizing Foreign Direct Investment (English Edition)

    [Periodicals > NABO Focus ] 2023-10-23

    ▪ The Korean economy has dramatically grown in scale; however, its growth rate is declining.▪ Attracting foreign direct investment (FDI) to secure new growth engines and capital inflows▪ Korea’s efforts toward attracting FDI▪ Policy tasks for increasing FDI attraction▪ Revision of institutions for bolstering FDI▪ Secure leadership in the East Asian region by creating a high-tech industrial ecosystem linked to the manufacturing base. ...

    • FILE

      Vol. 64 Measures for Revitalizing Foreign Direct Investment.pdf

      download
  • 141

    Vol. 63 Impacts of Cancelling the 5G 28㎓ Spectrum Allocation (English Edition)

    [Periodicals > NABO Focus ] 2023-10-16

    ▪ The Korean government’s ICT funds include two primary components: the Broadcasting Communications Development Fund, established under Article 24 of the Framework Act on Broadcasting Communications Development (“Broadcasting Development Fund”), and the Fund for Promotion of Information and Communications, as defined in Article 41 of the Information and Communications Technology Industry Promotion Act (“Information Promotion Fund”).▪ The ICT sector fund in 2024 is set at KRW 2.6324 trillion, whi...

    • FILE

      Vol. 63 Impacts of Cancelling the 5G 28㎓.pdf

      download
  • 140

    2024 and Mid-Term Economic Outlook

    [Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2023-10-05

        2024 and Mid-Term Economic Outlook           Published on Oct., 5, 2023Published by Economic Analysis Department           The 「2024 and Mid-Term Economic Outlook Series」have been prepared to support the National Assembly in its legislative activities, including a review of budgets and settlement, with a comprehensive forecast of the Republic of Korea’s economic landscape over the next five years (2023-2027). These ...

    • FILE

      2024 and Mid-Term Economic Outlook Ⅰ.pdf

      download
    • FILE

      2024 and Mid-Term Economic Outlook Ⅰ

      download
  • 139

    2024 and Mid-Term Economic Outlook

    [Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2023-10-05

        2024 and Mid-Term Economic Outlook           Published on Oct., 5, 2023Published by Economic Analysis Department           The 「2024 and Mid-Term Economic Outlook Series」have been prepared to support the National Assembly in its legislative activities, including a review of budgets and settlement, with a comprehensive forecast of the Republic of Korea’s economic landscape over the next five years (2023-2027). These ...

    • FILE

      2024 and Mid-Term Economic Outlook Ⅰ.pdf

      download
    • FILE

      2024 and Mid-Term Economic Outlook Ⅱ

      download
  • 138

    2024 and Mid-Term Economic Outlook

    [Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2023-10-05

        2024 and Mid-Term Economic Outlook           Published on Oct., 5, 2023Published by Economic Analysis Department           The 「2024 and Mid-Term Economic Outlook Series」have been prepared to support the National Assembly in its legislative activities, including a review of budgets and settlement, with a comprehensive forecast of the Republic of Korea’s economic landscape over the next five years (2023-2027). These ...

    • FILE

      2024 and Mid-Term Economic Outlook Ⅰ.pdf

      download
    • FILE

      2024 and Mid-Term Economic Outlook Ⅲ

      download
  • 137

    2024 and Mid-Term Economic Outlook

    [Analysis & Evaluation Reports > Economic Outlook & Policy Analysis ] 2023-10-05

        2024 and Mid-Term Economic Outlook           Published on Oct., 5, 2023Published by Economic Analysis Department           The 「2024 and Mid-Term Economic Outlook Series」have been prepared to support the National Assembly in its legislative activities, including a review of budgets and settlement, with a comprehensive forecast of the Republic of Korea’s economic landscape over the next five years (2023-2027). These ...

    • FILE

      2024 and Mid-Term Economic Outlook Ⅰ.pdf

      download
    • FILE

      2024 and Mid-Term Economic Outlook Ⅳ

      download
  • 136

    Vol. 62 2023 Local Finance of Korea: Status and Outlook (English Edition)

    [Periodicals > NABO Focus ] 2023-09-26

    ▪ Over the last decade, Korea’s fiscal size has grown beyond its economic growth rate (GDP), with local consolidated fiscal expenditure increasing at an average rate of 7.0% annually.▪ On the revenue side, both self-generated and transfer revenues have shown consistent growth in recent years, although the trend has moderated, decreasing by approximately KRW 9.5 trillion* year-on-year in 2023.▪ Previously, the bulk of self-generated local tax revenue primarily came from property taxation, includi...

    • FILE

      Vol. 62 2023 Local Finance of Korea.pdf

      download