Budgeting for Green Growth in the Republic of Korea : Using Public Financial Management Systems to Implement Major Initiatives while Maintaining Fiscal Balance

Kang, Young Kyu

World Bank Group, Washington, DC

关键词: ACCURATE ASSESSMENT;    ANNUAL BUDGET;    ANNUAL BUDGET CYCLE;    ANNUAL ESTIMATES;    ANNUAL EXPENDITURES;   

RP-ID  :  94459

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Korea's bold initiative, the GreenGrowth Plan (GGP), spanning 2009 to 2013 with fiscal outlayof US$84 billion, posed a significant challenge tosustainable public finance management in Korea. This paperreviews how Korea accommodated the huge cross-cuttingexpenditure plan in its annual and medium term budgets.Notably Korea s medium term expenditure framework, theNational Fiscal Management Plan, enabled the Ministry ofStrategy and Finance s Budget Office to integrate the GGPinto the budget and maintain fiscal balance. However, thepaper also notes that Korea s experience suggestsinternational standards on budget classification to beupdated to accommodate government-wide initiative.