국가재정의 과제와 합리적 운용방향

Abstract

Considering the turbulent fiscal environment and recent trend, we could drive a few reform agenda for healthier national public finance system in Korea. First, It should keep firm fiscal discipline as before the crisis. We should operate relevant fiscal risk management in advance, in addition to enhance the efficiency of budget implementation. Second, we should increase the proactive coordination level for the redistribution structure reform under endurable burden for the future generation. Under mid to long term schedule, pension and medical services reforms in the perspective of the sustainability of welfare system are imminent. Third, constant expenditure restructuring should be implemented. Welfare, agriculture, small-midium enterprises, education and R&D areas are main focus of the reform and it should be proceeded through as scheduled in road map. Forth, enhancing efforts to enlarge the revenue basis are very important. We should discourage the underground economic activities and reconsider the further tax rate reduction. Fifth, we should try to actively decentralize the expenditure function to local entities and restructure the local fiscal transfer system for preventing moral hazard and strategic behavior of local governments. Lastly, we would like to stress the importance of the reform of the state-owned enterprises’ management including diversification of evaluation tools for performance measurement and constant privatization efforts.