Introduction


The analysis of operating excessive amount of 60 national funds on 2008 fiscal year's settlement of account results in Daily Balance of ￦ 301.5 tn and operating earning rate of 1.3%.
This report provides shows difficulties for improvement of the problem on operating the excessive amount of each fund.

Main Issues
Business-oriented fund(39 funds): In addition to its minus earning rate among all 5 business-oriented funds, earning rate of electric power industry based fund reached the lowest record among all 60 funds. Responsibility to install Asset Operating Committee from the viewpoint of ?National Finance Law? needs to be expanded to the funds, which needs real risk management and asset allocation.

Financial fund(10 funds) and social security oriented fund(6 funds): In comparison of earning rate of excessive amount to the standard earning rate, the opportunity loss of each reaches ￦ 41.4 bn, ￦ 248.3 bn. Therefore, analysis of cause and some measures to be held is indicated. For example, institutionally, provision of feedback in evaluating asset operation needs to be included in asset operational guide.

Account-oriented fund(5 funds): As of the end of 2008, the operational balance of the excessive amount of 'Foreign exchange equalization fund' reaches ￦ 34.5 tn; The amount, exceptional of the least excessive amount that are to be needed for preparing the future purchase of the foreign exchange, needs to be utilized on advanced redemption of loan.

All 60 funds: The fact that there is no standard index to calculate the excessive amount becomes an obstruction on comparative analysis of the operational result. Therefore, a consistent standards way for calculating each different index. Moreover, each fund needs to attach an index calculated by a standard way to the National Assembly.