The purpose of this research is to resolve the issues of the current budget accounting system for the establishment of financial functions that adapt to the modern world, and disclose the need to improve the budget accounting system for the efficiency of resource distribution.
Financial conditions have changed considerably due to changes in economic structure, in accordance with continuous economic development and the change in the political and social structure. However, since the existing budget accounting system maintains an outdated framework, it is limited in responding to the changes in internal and external conditions, and accommodating new financial demands.
Korea’s budget system has been in effect since 1962, and is evaluated as a control oriented budget system. It needs to be converted to a planning programming budget system with a performance budget system. An optimal budget system should be able to respond to the increase in financial demand and improve the efficiency of resource distribution, so that flexible budget distribution can be made where and when it is needed, according to the national mid- and long-term development plans. Also, the existing complex budget systems should be simplified to make budget compilation processes and budget distribution details easy to understand. This will make it simpler to arbitrate conflict of interests among central, local and regional governments.
In conclusion, our budget execution evaluation system should be considered by the financial sector and developers of institutional strategy. Financial efficiency is crucial, as the budget is expected to increase in the future.
예산회계제도의 개선방안(Ways to improve budget accounting system)
서울 : 한국개발연구원
|Series Title; No||정책연구시리즈 / 93-02|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Financial Policy|
|Holding||KDI; KDI School|