Future Fund to Focus on Infrastructure Investment Over Short-Term Projects… Clearly Define Operating Principles
5 Articles
5 Articles
Experts have pointed out that external controls, such as those by the National Assembly, should be strengthened regarding the government's Future Response Fund, which is being established with a scale of 162 trillion won in response to the semiconductor superboom. Advice was also given that a portion of the tax revenue collected exceeding expectations should be used to adjust the volume of new government bond issuances. The Korea Institute for E…
(Seoul = Yonhap News) Reporter Ahn Chae-won = Experts have suggested that clear operational principles must be established for the Future Response Fund, which is being created based on the semiconductor tax revenue boom...
Lee Tae-seok, Head of the Fiscal and Social Policy Research Department at the Korea Development Institute (KDI), stated on the 11th, “Creating a future response fund does not automatically improve potential growth rates or strengthen national finances.” He added, “The performance of the fund depends on the extent to which it is equipped with independent verification of financial resources, clear rules for accumulation and withdrawal, and a ratio…
Amid the government's decision to allocate 162 trillion won in tax revenue generated by the semiconductor boom to the Future Response Fund for growth investments, it was pointed out that state-run research institutes should be prohibited from borrowing to establish the fund and required to obtain parliamentary approval for any changes to its major objectives. Given that the establishment of the fund itself does not guarantee a rebound in potenti…
The government proposed a fiscal management plan to lower the national debt ratio from 51.6% to 48.3% while setting next year's total expenditure at 820.9 trillion won, an increase of 12.8% from this year.
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