2009 Execution of Finances Checking Report

  • 2009-10-05
  • 356

  Government not only drew up a revised supplementary budget in 2009 focusing on surmounting economic crisis, but also operated emergency economy government system, so that proceed "execution of finances early in the year".

Reflecting this, financial issue of first half of 2009 was 'to vitalize economy through execution of finances early in the year'. Thus, government actually executed more than 60% of finances in first half of the year.

NABO organized a group to inspect execution of finances, so as to propose proper countermeasure of National Assembly in a timely manner.

According to inspection, NABO published '2009 execution of finances checking report'.

This report contains 11 subjects in terms of the analysis of the execution of finances.

Looking into the analysis, there's much difference between the government expenditure announced and the government expenditure actually spent.

And, government diverted many funds that could be used in other purpose out the first half of 2009 years

Local government issued many bonds to execute finances early in the year, so that it is expected to pay high interest, which resulted in worsening the fiscal soundness.