OECD Journal on Budgeting

The OECD journal on public sector budgeting, published three times per year. It draws on the best of the recent work of the OECD Working Party of Senior Budget Officials (SBO), as well as special contributions from finance ministries, and makes it available to a wider community in an accessible format. The journal provides insight on leading-edge institutional arrangements, systems and instruments for the allocation and management of resources in the public sector. Now published as a part of the OECD Journal subscription package.

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Performance budgeting in Korea

Overview and assessment

This paper tries to shed light on the Korean performance budgeting (PB) system by analysing its strength and limitations by utilising the framework of the OECD 2011 PB survey. It provides an overview of the Korean PB system and describes the Korean system based on the OECD survey results. Lastly, current issues of the Korean PB system are discussed including its future directions.

JEL classification: H61, H830

Keywords: Performance budgeting, performance information, budgeting, Korea


JEL: H61: Public Economics / National Budget, Deficit, and Debt / National Budget; Budget Systems; H80: Public Economics / Miscellaneous Issues / Public Economics: Miscellaneous Issues: General
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