적자재정기조하의 재정운용방안

• 영문명: Fiscal Reforms under Persistent Budget Deficits
• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: 김동건(Dong-Kun Kim) 김성태(Sung-Tai Kim) 안종범(Chong-Bum An) 원윤희(Yun-Hi Won) 이연호(Yeon-Ho Lee)
• 간행물 정보: 『재정논집』재정논집 제13권 제2호, 315~356쪽, 전체 42쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 1999.02.28

영문 초록

Relatively large budget deficits are likely to persist in the absence of stronger deficit reduction efforts. As a result, the debt to GDP ratio of Korea is expected to grow up to 30 percent in the early 2000s. This is mainly due to an inevitable increase in government expenditure to finance financial stabilization, economic recovery, and unemployment reduction. Achieving a better fiscal balance will require deep-rooted reforms to control the level, growth, and composition of public expenditure and revenues. This paper presents fiscal reforms needed to restore fiscal balance and to reduce debt-to-GDP ratio under circumstances of continued budget deficits. The experiences of the United States, the United Kingdom, Latin America, Denmark, Ireland, and Italy suggest that it is crucial for successful fiscal adjustments to keep the credibility of the private sector in government policy. First of all, the government should set economically sustainable targets and consistently pursue these targets. On the expenditure side, the basic principle is to enhance the efficiency of the public sector through the efforts to reform the public sector and to curtail government spending and thereby attaining sustained economic growth. For this purpose, the multi-year budget framework and disciplined fiscal policy are essential, together with cut in current expenditure, flexible management of capital expenditure, exclusion of political consideration, more efficient use of funds, consolidation of public funds and special accounts, pensions reform, and strict assessment of expenditure. On the revenue side, fiscal adjustments which rely on tax increases are likely to have adverse effects on productivity and employment. Thus, it is desired that the government should make extraordinary efforts to widen the tax base through reduction in non-taxable incomes and tax deductions, strengthening taxation on underground incomes, and prevention of tax evasion. This may contribute to equalizing the tax burden and also leading to economic growth and revenue increase simultaneously. The tax system should be also reformed so that national and local taxes are balanced. It is required that the roles and funds should be efficiently allocated between central and local governments.

목차

Ⅰ. 서론

Ⅱ. 적자재정의 효과와 외국의 사례

Ⅲ. 적자재정 운용의 기본원칙

Ⅳ. 적자재정기의 세출정책

Ⅴ. 적자재정기의 세입정책

Ⅵ. 결론

[參考文獻]