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The financial crisis that hit Korea in the last half of 1997 had a devastating impact on the Korean economy, causing the worst recession during the postwar era. In order to address the fundamental causes of the crisis and to revitalize the economy, the Korean government took bold and decisive steps to initiate comprehensive structural reforms. The major focus of reform in the fiscal and public sectors has been to adopt more market-oriented forces and managerial strategies to increase efficiency and transparency. Efforts were made to instill a performance-oriented approach in the system, which implied management of public expenditure, based on the principle of value for money.
The government adopted a series of integrated (ex-ante, intermediate, and ex-post) quality control efforts for the efficient management of its public investment program. A strong and effective project appraisal study, to oversee the project selection process.(The rest omitted)
공공지출의 효율성과 지속가능성 제고를 위한 한국의 공공투자관리 개혁(Public investment management reform in Korea: efforts for enhancing efficiency and sustainability of public expenditure)
| Title |
공공지출의 효율성과 지속가능성 제고를 위한 한국의 공공투자관리 개혁(Public investment management reform in Korea: efforts for enhancing efficiency and sustainability of public expenditure)
Similar Titles
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|---|---|
| Project Category | Development Cases |
| Material Type | Reports |
| Author(Korean) |
김재형 |
| Publisher |
서울 : KDI 국제정책대학원 |
| Date | 2012 |
| Project | Development Cases |
| Series Title; No | Knowledge Sharing Program: 경제발전경험 모듈화 사업 |
| ISBN | 978-89-93695-56-4; 978-89-93695-06-9(전40권) |
| Pages | 86 |
| Subject Country | South Korea(Asia and Pacific) |
| Language | Korean |
| File Type | Documents |
| Original Format | |
| Subject | Economy < Financial Policy |
| Holding | KDI 국제정책대학원 |
| Supervisor | KDI 국제정책대학원 |
| Organizer | 기획재정부; 한국개발연구원(공공투자관리센터) |
| Sponsor | 기획재정부 |
| Project Term | 2011-01-01 ~ 2011-12-31 |
| License |  |
Abstract
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Resources
Public investment management reform in Korea : Efforts for enhancing efficiency and sustainability of public expenditure
Kim, Jay Hyung
/ 2012
/ Seoul
:
KDI School of Public Policy and Management
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