Earticle

초록

영어

The National Assembly Budget Office of Korea was established 10 years ago, with the aim of supporting the budget deliberation process with expert analysis. This paper attempts to evaluate any impact that NABO has brought to the budget process of Korea. We examine the accuracy of the Administration’s macro forecasting used for the budget proposal as well as the amendment ratio of National Assembly’s budget deliberations, pre and post NABO’s establishment using simple regression model. Results show that the administration’s forecasting errors, macro or revenue, does not show any systematic decrease, while the total amendment ratio showed significant changes around the time when NABO was established. This indicates that an independent budget office’s existence can contribute to a thorough examination of a government’s budget, but more time is needed to gauge its impact clearly..

목차

<요약>
 I. Introduction
 II. Literature Review and Background issues
 III. Data Source and Sample
 IV. Analysis and Results
  1. Macroeconomic outlook forecasting errors
  2. National Revenue Outlook forecasting errors
  3. Total amount of amendments to budget bills
 V. Conclusions and Implications
 References

저자

• Eun ji Kim [ 김은지 | SNU Graduate School of Public Administration, PhD candidate ] co-author
• Yoon jeong Chang [ 장윤정 | SNU Graduate School of Public Administration, PhD candidate ] co-author

참고문헌