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New development: Fiscal reform in South Korea: looking back and moving forward

Seong-ho Jeong and Sung Hoon Kang

Public Money & Management, 2019, vol. 39, issue 6, 450-453

Abstract: At first glance, it seems that South Korea’s three fiscal systems (mid-term expenditure framework, top-down budgeting, and performance management) function well. However, each fiscal system operates separately and they are inefficient because they follow past practices. This article explains what the problems are and how to overcome them.

Date: 2019
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DOI: 10.1080/09540962.2018.1559620

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