The government grants program is to transfer value to a recipients, such as non-profit entities, R&D institutions, business or an individual in order to meet special purpose of public support or stimulation based on authorization by the law.
24 ministries are carrying out or operating 701 government grants programs in the year of 2010. The size of government grants programs is estimated as 21,712.9 billion won, which amounts to 7.4 percent of total government expenditure.
Despite of huge amounts to be spent out, the government grants programs have not been deliberated thoroughly in the National Assembly. This is because if grants money is once paid to recipients with relatively high discretion on how to use the money, it is not easy to track down how grants programs work.
In addition, since the government grants programs build up under the wide range of purposes from supporting an ordinary maintenance of institution to fi-nancing for conducting R&D, it is difficult to comprehend general outline.
Taking account of such inconveniences, the National Assembly Budget Office published a “Handbook of Government Grants Program” which provides general overview of various government grants programs in terms of program size, finan-cial resources, program purposes, grantee, etc. This handbook would be surely uti-lized during budget deliberation and settlement session in the National Assembly.
24 ministries are carrying out or operating 701 government grants programs in the year of 2010. The size of government grants programs is estimated as 21,712.9 billion won, which amounts to 7.4 percent of total government expenditure.
Despite of huge amounts to be spent out, the government grants programs have not been deliberated thoroughly in the National Assembly. This is because if grants money is once paid to recipients with relatively high discretion on how to use the money, it is not easy to track down how grants programs work.
In addition, since the government grants programs build up under the wide range of purposes from supporting an ordinary maintenance of institution to fi-nancing for conducting R&D, it is difficult to comprehend general outline.
Taking account of such inconveniences, the National Assembly Budget Office published a “Handbook of Government Grants Program” which provides general overview of various government grants programs in terms of program size, finan-cial resources, program purposes, grantee, etc. This handbook would be surely uti-lized during budget deliberation and settlement session in the National Assembly.