The government invested program is one of various programs to support the bud-get, amounting to 5,062.8 billion won in the 2010 fiscal year, which is implemented through 54 programs under the responsibility of eight ministries.
The budget size of government invested programs of three ministries-Minis-try of Land, Transport and Maritime Affairs, Ministry of Knowledge and Economy and Financial Services Commission, is 4,722.1 billion won, which is equivalent to 93.3 percent of total government invested programs budget. Recently, SOC pro-grams, overseas resources development programs, acquisition of insolvent firms programs are prominent among the government invested programs.
Although this program is implemented by various projects, there are no con-crete principles and criteria on why government chose such budget support among lots of budget support methods.
In particular, government invested program is different from other programs such as government contribution program or government subsidy programs in terms of formulating national assets (investable securities). Even though govern-ment invested program needs to be monitored comprehensively from planning to follow up, they still fall in the blind spot out of appropriate management.
Taking undesirable condition into account, the National Assembly Budget Of-fice has published a “Handbook of Government Invested Program” in order to look up whether those programs are consistent with original policy intention. This handbook contains diverse government invested program to be categorized by size, finance resources and type. This handbook is expected to be actively utilized during the period of government budget and settlement deliberation.
The budget size of government invested programs of three ministries-Minis-try of Land, Transport and Maritime Affairs, Ministry of Knowledge and Economy and Financial Services Commission, is 4,722.1 billion won, which is equivalent to 93.3 percent of total government invested programs budget. Recently, SOC pro-grams, overseas resources development programs, acquisition of insolvent firms programs are prominent among the government invested programs.
Although this program is implemented by various projects, there are no con-crete principles and criteria on why government chose such budget support among lots of budget support methods.
In particular, government invested program is different from other programs such as government contribution program or government subsidy programs in terms of formulating national assets (investable securities). Even though govern-ment invested program needs to be monitored comprehensively from planning to follow up, they still fall in the blind spot out of appropriate management.
Taking undesirable condition into account, the National Assembly Budget Of-fice has published a “Handbook of Government Invested Program” in order to look up whether those programs are consistent with original policy intention. This handbook contains diverse government invested program to be categorized by size, finance resources and type. This handbook is expected to be actively utilized during the period of government budget and settlement deliberation.