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South Korea

Open Budget Survey Document Availability Tracker

December 2016 Update

To recognize improvements and identify slippages in budget transparency between rounds of the biennial Open Budget Survey, we periodically assess the public availability of the eight key budget documents – an essential component of transparency. This update presents the results of the most recent of these interim assessments.

South Korea

Open Budget Survey 2015December 2016 Update
Pre-Budget StatementAvailable to the PublicAvailable to the Public
Executive's Budget ProposalAvailable to the PublicAvailable to the Public
Enacted BudgetAvailable to the PublicAvailable to the Public
Citizens BudgetAvailable to the PublicAvailable to the Public
In-Year ReportsAvailable to the PublicAvailable to the Public
Mid-Year ReviewNot ProducedNot Produced
Year-End ReportAvailable to the PublicAvailable to the Public
Audit ReportAvailable to the PublicAvailable to the Public

As of 31 December 2016, the government of South Korea makes seven of eight key budget documents publicly available online in a timeframe consistent with international standards. These are the same documents found to be publicly available in the Open Budget Survey 2015, which assessed the availability of documents up to 30 June 2014.

To improve budget transparency, South Korea should produce and publish a Mid-Year Review. For more information on the content that the eight key budget documents should contain, and the publication timeframe for each document, please see IBP’s Guide to Transparency in Government Budget Reports and the Open Budget Survey Guidelines on Public Availability of Budget Documents.


2015

Downloads:
Country Summary - English Questionnaire

Transparency (Open Budget Index) 65/100 

The Government of South Korea provides the public with substantial budget information.

Public Participation 83/100 

The Government of South Korea provides the public with adequate opportunities to engage in the budget process.

Budget Oversight 

By legislature 73/100

Budget oversight by the legislature in South Korea is adequate.

By auditor 50/100

Budget oversight by the supreme audit institution in South Korea is limited.

Recommendations 

Improving Transparency

South Korea should prioritize the following actions to improve budget transparency:

  • Produce and publish a Mid-Year Review.
  • Increase the comprehensiveness of the Executive’s Budget Proposal by, for example, presenting more details on the classification of expenditures for future years and the classification of revenues for prior years.
  • Increase the comprehensiveness of the Pre-Budget Statement.
Improving Participation

South Korea should prioritize the following actions to improve budget participation:

  • Hold legislative hearings to review and scrutinize Audit Reports.
Improving Oversight

South Korea should prioritize the following actions to strengthen budget oversight:

  • Ensure the Executive’s Budget Proposal is approved by legislators at least one month before the start of the budget year.
  • In both law and practice, ensure the legislature is consulted prior to the spending of contingency funds that were not identified in the Enacted Budget.
  • Require legislative or judicial approval to remove the head of the supreme audit institution.

 



2010

Downloads:
Country Summary Questionnaire

2008

Downloads:
Country Summary Questionnaire

South Korea’s score on the Open Budget Index shows that the government provides the public with substantial information on the central government’s budget and financial activities during the course of the budget year. This gives citizens tools to hold government accountable for its management of the public’s money.


2006

Downloads:
Country Summary Questionnaire



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