표제어Budget Structure, Budget Process, and Fiscal Consolidation in Korea

---

사전유형소장기록

---

설명Public finance in Korea has been undergoing a rapid change since the economic crisis. The central government budget, which remained more or less in balance from the early 1980s, went into a deficit during the crisis due to falling tax revenues and rising expenditures for financial restructuring and social programs. The level of government debt as percentage of GDP almost doubled in three years. The current experience is comparable to that in OECD countries in the aftermath of the first oil shock. Before the oil shock, government budgets in most countries were in balance. But the anti-recessionary policies in the latter half of the 1970s increased deficits to a substantial extent. This fed into rising public debt, which in turn increased interest payments and budget deficits. A vicious cycle of debt accumulation set in. Only recently are there signs of budgets returning to a balance in some of these countries.*

---

생산자고영선

---

날짜2000-04-01

---

기록유형문서류

---

기록형태보고서/논문

---

주제정치경제

---