The national debt in 2016 is estimated to be 673.8 trillion won, 47.3 trillion won higher than the previous year. World trade and investments are expected to be negatively affected by the slower-than-expected recovery of the global economy and the trend toward increased trade protectionism, under which countries place their own interests first in terms of the real economy. The country is expected to maintain domestic fiscal expansionary policies by increasing tax spending with measures such as new fiscal programs, amid difficult conditions to secure tax revenue. As a result, we are at a critical juncture, now more than ever, for efficient national fiscal management.
   The September Plenary of the National Assembly is under intense pressure to not only ensure the soundness of national finances but also develop policies to address low-birth rates, aging, job creation, future growth engines as well as national defense and security. To this end, accurate projections of mid-to-long term fiscal expenses, adjustment of the structure and size of relevant fiscal programs and an assessment of the effectiveness and efficiency of the overall policies and programs should be made in advance. Being aware of such issues, NABO, after an overall review of fiscal programs, conducted an analytical assessment of 82 major fiscal programs and policy initiatives worth 234 trillion won in total, which have significant impact on national finance and citizens; and published this report on the Review and Evaluation of the Implementation of Major National Programs of 2016.
   This summary and overview of key issues regarding policy options, can serve as reliable guidelines for program deliberation in events such as national audits, budgeting and settlement deliberations. This report aims to highlight the core issues in effective structures, while providing detailed policy directions for improvement.
   In the report, the 82 major programs are divided into a total of four standing committees after categorizing them into sections for economic programs industry programs, social programs, and administrative programs. Considering the attributes of major national programs subject to analysis, they were categorized into five different groups and then annexed to the report in a summarized version of the key issues and future areas of improvement for programs that heavily affect citizen benefits and national finances.