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Korea Budget Participation.pdf

Kang-and-Min-Public-Participation-in-the-Budget-Process-in-ROK.pdf
Preview of Korea Budget Participation
🔗 Source: archive.internationalbudget.org
📊 Size: 219 KB
📄 Pages: 6 pages
⬇️ Downloads: 58

Summary

Korea stands out with a score of 92 in public participation in the budget process, according to the Open Budget Survey. The country's public participation mechanisms are closely aligned with the budget formulation and execution cycle, and include six main mechanisms: Open Discussion for the Public, meetings with local governments, fiscal policy advisory meetings, Assembly Experts Hearings, budget waste reporting centers, and public participation in audits. These mechanisms ensure a practical approach to monitoring the effectiveness of public inputs in the budgeting process. The introduction of a medium-term expenditure framework and performance-based budgeting in 2003 helped improve the budget process, and the government's emphasis on fiscal transparency and public participation has continued to evolve under different administrations.

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Description

Korea stands out with a score of 92 in public participation in the budget process, according to the Open Budget Survey.

Technical Information

  • File Format: PDF
  • File Size: 219 KB
  • Pages: 6
  • Language: EN
  • Total Downloads: 58
  • Last Updated: 1 week ago

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