This report offers a vivid glimpse into the scorekeeping system into the Korean budgeting process.
Scorekeeping is the process to measure the budgetary effects of pending and enacted legislation against the baseline. It is used (1) to compare proposed budget policy changes to existing law, and (2) to enforce spending and revenue levels agreed upon prior to the consideration of budget bill.
Nevertheless the scorekeeping retains significant role in the US budgeting pro-cess after the 1970s, considering comparable system didn’t exist in Korea, This re-port may be precedent study on the scorekeeping system in Korea.
Through the analysis, the authors suggest that
(1) The introduction to scorekeeping system has been deemed essential to keep the fiscal stance in Korea sound,
(2) The role of the cost estimate for the budget-related bills, closely connected with scorekeeping, has to be reinforced,
(3) In a bid to carry out scorekeeping in an efficient manner, as a potential score-keeper on the National Assembly, NABO has to build up cooperative net-work with the counterpart in the executive branch,
(4) Adopting the U.S. congress process is also recommended as a complemen-tary measure to enforce fiscal discipline prior to the consideration of budget related bills.
Scorekeeping is the process to measure the budgetary effects of pending and enacted legislation against the baseline. It is used (1) to compare proposed budget policy changes to existing law, and (2) to enforce spending and revenue levels agreed upon prior to the consideration of budget bill.
Nevertheless the scorekeeping retains significant role in the US budgeting pro-cess after the 1970s, considering comparable system didn’t exist in Korea, This re-port may be precedent study on the scorekeeping system in Korea.
Through the analysis, the authors suggest that
(1) The introduction to scorekeeping system has been deemed essential to keep the fiscal stance in Korea sound,
(2) The role of the cost estimate for the budget-related bills, closely connected with scorekeeping, has to be reinforced,
(3) In a bid to carry out scorekeeping in an efficient manner, as a potential score-keeper on the National Assembly, NABO has to build up cooperative net-work with the counterpart in the executive branch,
(4) Adopting the U.S. congress process is also recommended as a complemen-tary measure to enforce fiscal discipline prior to the consideration of budget related bills.