He, Dong (2003): Budget Formulation and Implementation in Korea: A Macroeconomic Perspective. Published in: Republic of Korea: Selected Issues No. IMF Country Report No. 03/80 (March 2003)
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This paper describes the main featues of the Korean fiscal system from a macroeconomic perspective. It discusses why fiscal outtrns tend to differ from the budget and makes suggestions to improve budget formulation and implementation. It also discusses how medium-term fiscal objectives such as maintaining a balanced budget and reducing public debt can be reconciled with the short-term objective of avoiding procyclical fiscal impulses in a downtun.
|Item Type:||MPRA Paper|
|Original Title:||Budget Formulation and Implementation in Korea: A Macroeconomic Perspective|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E62 - Fiscal Policy
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
|Depositing User:||Dong He|
|Date Deposited:||29. Jul 2008 01:48|
|Last Modified:||13. Feb 2013 17:42|
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