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146
Vol. 68 A Summary of the FY2022 Settlement of Accounts Review (English Edition)
[Periodicals > NABO Focus ] 2023-12-26
▪ Progress of the FY2022 Settlement of Accounts Review▪ A total of 1,916 corrections were demanded.▪ Request for Audit (1 case)▪ A total of 26 incidental opinions▪ The results of the account settlement review must be reflected in the deliberation on the budget proposal. ...
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Vol. 68 A Summary of the FY2022 Settlement of Accounts Review.pdf
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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...
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Vol. 67 Reasons Behind Recent Tax Revenue Estimation Errors and the 2024 Revenue Forecast.pdf
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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...
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Vol. 66 Strategies to Lower Private Education Costs and Fund Digital Advancements in Public Schools.pdf
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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...
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Vol. 65 Diagnosis and Response Strategies for the Korean Economy.pdf
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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. ...
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Vol. 64 Measures for Revitalizing Foreign Direct Investment.pdf
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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...
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Vol. 63 Impacts of Cancelling the 5G 28㎓.pdf
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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 ...
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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 ...
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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 ...
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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 ...