Deliberation Results of the 2023 Budget Bill

Published on January 17, 2023
Published by Budget Analysis Coordination Division

   The 2023 budget bill, fund management plan, and Build-Transfer-Lease (BTL) cap were submitted to the National Assembly on September 2, 2022, and were automatically brought before the plenary session and finalized on December 24 without completing a comprehensive review by the Special Committee on Budget and Accounts. Total expenditures of the 2023 budget were finalized at 638.7 trillion won - a drop of 0.3 trillion won from the government bill - as 13.8 trillion won was cut and 13.5 trillion won was added during the National Assembly deliberation process. This is the first time in three years (since the 2020 budget bill) that a net decrease has resulted from the revision of total expenditures during the deliberation process at the National Assembly.
   Extensive organization of the 2023 budget bill discussion process and its results will need to be made and shared with members of the National Assembly and the public to promote a productive review of budget and settlement of accounts in the future and to inform the public of the contents of the budget bill deliberated on and finalized by the National Assembly. Accordingly, the National Assembly Budget Office has published the “Results of the 2023 Budget Bill Deliberation” to provide an integrated and systematic summary of the 2023 budget bill deliberation process and its results.
   This report summarized the preliminary review results of the standing committee and the deliberation results of the plenary session on the 2023 budget bill by standing committee, central administration agency, and detailed project. In addition, following deliberation by the National Assembly, major projects were categorized and presented based on the projects that have seen either a large increase or decrease compared to the budget bill, projects that were revised upward during the preliminary review by the standing committee but reduced at the end, detailed projects that were newly reflected in the budget bill during the deliberation process, and special accounts.