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Performance management system of budgetary programs in Korea

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Frame of Image ry of Strategy and Finance (MOSF), Republic of Korea Korea Fixed Income Research Institute 	 Chang Gyun Park, Chung-Ang University, Professor KDI School of Public Policy and Management 	 Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-7003625-000076-01 ISBN 979-11-5545-035-2 94320 ISBN 979-11-5545-032-1 [SET 42] Copyright © 2013 by Ministry of Strategy and Finance, Republic of Korea
Government Publications Registration Number 11-7003625-000076-01
Knowledge Sharing Program
2012 Modularization of Korea’s Development Experience
Performance Management System of Budgetary Programs in Korea
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea has transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively broad-based, meaning that the fruits of Korea’s rapid growth were shared by many. The challenge of course is unlocking the secrets behind Korea’s rapid and broad-based development, which can offer invaluable insights and lessons and knowledge that can be shared with the rest of the international community. Recognizing this, the Korean Ministry of Strategy and Finance (MOSF) and the Korea Development Institute (KDI) launched the Knowledge Sharing Program (KSP) in 20


Full Text
Title Performance management system of budgetary programs in Korea
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Park, Chang Gyun

Publisher

Seoul:KDI School of Public Policy and Management

Date 2013
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 979-11-5545-035-2 94320; 979-11-5545-032-1 [SET 42]
Pages 226
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Strategy and Finance(Republic of Korea); Korea Fixed Income Research Institute
Sponsor Ministry of Strategy and Finance(Republic of Korea)
Project Term 2012-01-01 ~ 2012-12-31

Abstract

Korea launched a major reform to introduce performance-based budgeting into the government sector in the 2000’s. The Korean case is particularly interesting in that the government pushed the reform ahead very rapidly while other reforms in the budgetary system were also pursued concurrently known as the Four Major Fiscal Reforms, which provided an extraordinarily favorable environment for building an effective performance management system. Due to such a big push forward on a large scale, the Korean government was able to establish a comprehensive and robust performance management system in a short period of time. The Four Major Fiscal Reforms consisted of the establishment of a medium-term expenditure framework known as the National Fiscal Management Plan, introduction of top-down budgeting, establishment of the performance management system, and building of a digital budget information system.(The rest omitted)

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Government Publications Registration Number 11-7003625-000076-01