Through continuous economic growth since its foundation, Korea has joined the ranks of the world's top 10 economies.Today, Korea operates a national budget which exceeds 300 trillion Won. The National Assembly Budget Office, or NABO, reviews the budget, and presents alternative measures to government policies so that our taxpayers’ money is used efficiently. The Watchdog of National Finance, The Guide of National Policies. NABO is fully committed to winning the confidence of the National Assembly and the Korean people by exercising political non-partisanship, independence and expertise in its work. It consists of 125 employees in 18 divisions that comprise the Planning & Management Office,Budget Analysis Office, Economic Analysis Office, andProgram Evaluation Bureau NABO’s responsibilities include the analysis of the government’s budget bill and settlement of accounts, bills cost estimation, macroeconomic forecasts, tax analysis, tax revenue estimation, and evaluation of the nation’s major policies and programs. Budget Analysis Division To improve the soundness and transparency of the national budget, NABO performs professional, in-depth analyses of budget bills and account settlements on behalf of the Korean people. Moreover, it participates in and provides necessary data to the Budget Bill Adjustment Subcommittee and Accounts Settlement Review Subcommittee of the National Assembly Special Committee on Budget and Settlement of Accounts. Based on its expertise, it also estimates the fiscal costs of bills proposed by Members. Economic Analysis Division In addition, NABO provides economic forecasts which act as a premise to the management of state finances, and from the people’s perspective, undertakes research and analysis on revenues and expenditures of the mid/long-term national budget, tax revenue estimation and national debt. Furthermore, it provides support to the deliberation of revised tax bills and tax revenue budget bills by the National Assembly Committee on Strategy and Finance, thereby fulfilling its duty as the think tank which guides the state towards sound national fiscal operation. Program Evaluation Division NABO evaluates the appropriateness and performance of major national policies that entail huge costs and by offering alternative measures to government activities, assists the desirable management of the national budget. Planning Management Division With the recent rise in fiscal legislative activities by Assembly Members, NABO’s role and function continues to grow significantly. NABO faithfully supports efficient parliamentary activities by recruiting fiscal experts, including Ph.D., persons who passed the Higher Civil Service Examination for Service at the National Assembly, lawyers, CPAs, and operating an information and knowledge management system. Global Korea’s NABO Founded in 2003, NABO has consistently innovated and advanced over its brief history to position itself as a global-level parliamentary fiscal think tank. NABO is focused on the practical and timely support of legislative activities so that the hard-earned taxes of our people are used prudently. It takes great pride in the systematic analysis capability of its talented fiscal experts. Today, many countries around the world are visiting NABO to benchmark our experiences. The Watchdog of National Finance! The Guide of National Policies! NABO will create a future in which Korea prospers as a country and enriches the lives of its people.