Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea
A medium-term expenditure framework is considered an essential element of public financial management reform, and this framework has been adopted in many countries. However, in terms of implementation in those countries, the medium-term expenditure...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/01/17205624/achieving-medium-term-expenditure-framework-reform-case-study-korea http://hdl.handle.net/10986/13154 |
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okr-10986-13154 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY ACCOUNTING ACCRUAL ACCOUNTING AGGREGATE EXPENDITURE ANNUAL BUDGET ANNUAL BUDGET FORMULATION ANNUAL BUDGET PROCESS ANNUAL BUDGETING ANNUAL BUDGETING PROCESS ANNUAL BUDGETS AUTOMATIC STABILIZER AUTONOMY BANKING INDUSTRY BUDGET ALLOCATION BUDGET AUTHORITY BUDGET BALANCE BUDGET DRAFT BUDGET EXECUTION BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET PREPARATION BUDGET PROCESS BUDGET REQUEST BUDGET REQUESTS BUDGET SYSTEM BUDGET YEAR BUDGETARY PROCESSES BUDGETARY PROGRAMS BUDGETARY REFORM BUDGETING BUREAUCRATS CAPACITY BUILDING CENTRAL BUDGET CENTRAL BUDGET OFFICE CHANGE MANAGEMENT COLLECTIVE ACTION CONSOLIDATION CREDIBILITY DEBTS DECENTRALIZATION DECISION MAKERS DECISION MAKING DEVELOPING COUNTRIES DEVELOPMENT BANKS DEVOLUTION ECONOMIC DEVELOPMENT ECONOMIC MANAGEMENT EXPENDITURE EXPENDITURE CEILING EXPENDITURE FRAMEWORKS EXPENDITURES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INFORMATION SYSTEM FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT INFORMATION FINANCIAL MANAGEMENT INFORMATION SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL RESOURCES FISCAL BALANCE FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL PLANS FISCAL POLICY FISCAL REFORM FUND MANAGEMENT GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HUMAN RESOURCES INFORMATION SYSTEM INTERGOVERNMENTAL RELATIONS INTERNAL MANAGEMENT INTERNAL MANAGEMENT INFORMATION INTERNATIONAL BANK LAWS LEGISLATION LINE OF COMMAND LOCAL FINANCE LOCAL GOVERNMENTS MACROECONOMIC VARIABLES MANAGEMENT STRATEGY MANAGERS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM EXPENDITURE FRAMEWORKS MEDIUM-TERM EXPENDITURE FRAMEWORK MEDIUM-TERM EXPENDITURE PLAN MEDIUM-TERM FISCAL FRAMEWORK MEDIUM-TERM PROJECTION MEDIUM-TERM PROJECTIONS MINISTRY OF FINANCE MONETARY FUND NATIONAL FINANCE NATIONAL FISCAL MANAGEMENT NATIONAL FISCAL MANAGEMENT PLAN OPERATING COSTS ORGANIZATIONAL CHANGE ORGANIZATIONAL RESTRUCTURING ORGANIZATIONAL STRUCTURE PERFORMANCE BUDGETING PERFORMANCE EVALUATION PERFORMANCE INDICATORS PERFORMANCE MANAGEMENT PERFORMANCE MEASUREMENT PROGRAM EVALUATION PUBLIC PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT REFORM PUBLIC FINANCIAL MANAGEMENT SYSTEM PUBLIC FUND PUBLIC FUNDS PUBLIC OFFICIALS PUBLIC SECTOR PUBLIC SECTOR GOVERNANCE PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM REFORM IMPLEMENTATION REFORM PROCESS REFORM PROGRAMS REFORMS RESOURCE ALLOCATION RETURN SETTLEMENT SOCIAL WELFARE STATE ENTERPRISES STRATEGIC PLANNING TAX TAX REVENUES TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TRUST FUND WITHDRAWAL |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING ACCRUAL ACCOUNTING AGGREGATE EXPENDITURE ANNUAL BUDGET ANNUAL BUDGET FORMULATION ANNUAL BUDGET PROCESS ANNUAL BUDGETING ANNUAL BUDGETING PROCESS ANNUAL BUDGETS AUTOMATIC STABILIZER AUTONOMY BANKING INDUSTRY BUDGET ALLOCATION BUDGET AUTHORITY BUDGET BALANCE BUDGET DRAFT BUDGET EXECUTION BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET PREPARATION BUDGET PROCESS BUDGET REQUEST BUDGET REQUESTS BUDGET SYSTEM BUDGET YEAR BUDGETARY PROCESSES BUDGETARY PROGRAMS BUDGETARY REFORM BUDGETING BUREAUCRATS CAPACITY BUILDING CENTRAL BUDGET CENTRAL BUDGET OFFICE CHANGE MANAGEMENT COLLECTIVE ACTION CONSOLIDATION CREDIBILITY DEBTS DECENTRALIZATION DECISION MAKERS DECISION MAKING DEVELOPING COUNTRIES DEVELOPMENT BANKS DEVOLUTION ECONOMIC DEVELOPMENT ECONOMIC MANAGEMENT EXPENDITURE EXPENDITURE CEILING EXPENDITURE FRAMEWORKS EXPENDITURES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INFORMATION SYSTEM FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT INFORMATION FINANCIAL MANAGEMENT INFORMATION SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL RESOURCES FISCAL BALANCE FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL PLANS FISCAL POLICY FISCAL REFORM FUND MANAGEMENT GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HUMAN RESOURCES INFORMATION SYSTEM INTERGOVERNMENTAL RELATIONS INTERNAL MANAGEMENT INTERNAL MANAGEMENT INFORMATION INTERNATIONAL BANK LAWS LEGISLATION LINE OF COMMAND LOCAL FINANCE LOCAL GOVERNMENTS MACROECONOMIC VARIABLES MANAGEMENT STRATEGY MANAGERS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM EXPENDITURE FRAMEWORKS MEDIUM-TERM EXPENDITURE FRAMEWORK MEDIUM-TERM EXPENDITURE PLAN MEDIUM-TERM FISCAL FRAMEWORK MEDIUM-TERM PROJECTION MEDIUM-TERM PROJECTIONS MINISTRY OF FINANCE MONETARY FUND NATIONAL FINANCE NATIONAL FISCAL MANAGEMENT NATIONAL FISCAL MANAGEMENT PLAN OPERATING COSTS ORGANIZATIONAL CHANGE ORGANIZATIONAL RESTRUCTURING ORGANIZATIONAL STRUCTURE PERFORMANCE BUDGETING PERFORMANCE EVALUATION PERFORMANCE INDICATORS PERFORMANCE MANAGEMENT PERFORMANCE MEASUREMENT PROGRAM EVALUATION PUBLIC PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT REFORM PUBLIC FINANCIAL MANAGEMENT SYSTEM PUBLIC FUND PUBLIC FUNDS PUBLIC OFFICIALS PUBLIC SECTOR PUBLIC SECTOR GOVERNANCE PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM REFORM IMPLEMENTATION REFORM PROCESS REFORM PROGRAMS REFORMS RESOURCE ALLOCATION RETURN SETTLEMENT SOCIAL WELFARE STATE ENTERPRISES STRATEGIC PLANNING TAX TAX REVENUES TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TRUST FUND WITHDRAWAL Choi, Jae-Young Park, Nowook Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea |
| geographic_facet |
East Asia and Pacific Korea, Republic of |
| relation |
Policy Research Working Paper;No. 6342 |
| description |
A medium-term expenditure framework is
considered an essential element of public financial
management reform, and this framework has been adopted in
many countries. However, in terms of implementation in those
countries, the medium-term expenditure framework continues
to present a significant challenge within the budget
process. This case study provides an inside story of
medium-term expenditure framework reform in the Republic of
Korea and offers some suggestive evidence about the impact
of the reform. Drawing on theories of change management, the
study explores how actors within the Korean government
created acceptance of reform needs among relevant
stakeholders, how they handled various challenges throughout
the reform, how they built capacity among stakeholders, and
how they institutionalized the reform measures that were
consistent with stakeholder incentives. The case highlights
the following implications: (1) having strong support from
top decision makers is essential to successful medium-term
expenditure framework reform; (2) finding ways of
integrating a medium-term expenditure framework into the
budget process is critical; and (3) making the framework
stable and sustainable requires both capacity building of
relevant stakeholders and significant organizational restructuring. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Choi, Jae-Young Park, Nowook |
| author_facet |
Choi, Jae-Young Park, Nowook |
| author_sort |
Choi, Jae-Young |
| title |
Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea |
| title_short |
Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea |
| title_full |
Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea |
| title_fullStr |
Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea |
| title_full_unstemmed |
Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea |
| title_sort |
achieving medium term expenditure framework reform : a case study of korea |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/01/17205624/achieving-medium-term-expenditure-framework-reform-case-study-korea http://hdl.handle.net/10986/13154 |
| _version_ |
1764422817405730816 |
| spelling |
okr-10986-131542021-04-23T14:03:07Z Achieving Medium Term Expenditure Framework Reform : A Case Study of Korea Choi, Jae-Young Park, Nowook ACCOUNTABILITY ACCOUNTING ACCRUAL ACCOUNTING AGGREGATE EXPENDITURE ANNUAL BUDGET ANNUAL BUDGET FORMULATION ANNUAL BUDGET PROCESS ANNUAL BUDGETING ANNUAL BUDGETING PROCESS ANNUAL BUDGETS AUTOMATIC STABILIZER AUTONOMY BANKING INDUSTRY BUDGET ALLOCATION BUDGET AUTHORITY BUDGET BALANCE BUDGET DRAFT BUDGET EXECUTION BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET PREPARATION BUDGET PROCESS BUDGET REQUEST BUDGET REQUESTS BUDGET SYSTEM BUDGET YEAR BUDGETARY PROCESSES BUDGETARY PROGRAMS BUDGETARY REFORM BUDGETING BUREAUCRATS CAPACITY BUILDING CENTRAL BUDGET CENTRAL BUDGET OFFICE CHANGE MANAGEMENT COLLECTIVE ACTION CONSOLIDATION CREDIBILITY DEBTS DECENTRALIZATION DECISION MAKERS DECISION MAKING DEVELOPING COUNTRIES DEVELOPMENT BANKS DEVOLUTION ECONOMIC DEVELOPMENT ECONOMIC MANAGEMENT EXPENDITURE EXPENDITURE CEILING EXPENDITURE FRAMEWORKS EXPENDITURES FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INFORMATION SYSTEM FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT INFORMATION FINANCIAL MANAGEMENT INFORMATION SYSTEM FINANCIAL MANAGEMENT SYSTEMS FINANCIAL RESOURCES FISCAL BALANCE FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL PLANS FISCAL POLICY FISCAL REFORM FUND MANAGEMENT GOVERNMENT DEBT GOVERNMENT EXPENDITURE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HUMAN RESOURCES INFORMATION SYSTEM INTERGOVERNMENTAL RELATIONS INTERNAL MANAGEMENT INTERNAL MANAGEMENT INFORMATION INTERNATIONAL BANK LAWS LEGISLATION LINE OF COMMAND LOCAL FINANCE LOCAL GOVERNMENTS MACROECONOMIC VARIABLES MANAGEMENT STRATEGY MANAGERS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM EXPENDITURE FRAMEWORKS MEDIUM-TERM EXPENDITURE FRAMEWORK MEDIUM-TERM EXPENDITURE PLAN MEDIUM-TERM FISCAL FRAMEWORK MEDIUM-TERM PROJECTION MEDIUM-TERM PROJECTIONS MINISTRY OF FINANCE MONETARY FUND NATIONAL FINANCE NATIONAL FISCAL MANAGEMENT NATIONAL FISCAL MANAGEMENT PLAN OPERATING COSTS ORGANIZATIONAL CHANGE ORGANIZATIONAL RESTRUCTURING ORGANIZATIONAL STRUCTURE PERFORMANCE BUDGETING PERFORMANCE EVALUATION PERFORMANCE INDICATORS PERFORMANCE MANAGEMENT PERFORMANCE MEASUREMENT PROGRAM EVALUATION PUBLIC PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT REFORM PUBLIC FINANCIAL MANAGEMENT SYSTEM PUBLIC FUND PUBLIC FUNDS PUBLIC OFFICIALS PUBLIC SECTOR PUBLIC SECTOR GOVERNANCE PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM REFORM IMPLEMENTATION REFORM PROCESS REFORM PROGRAMS REFORMS RESOURCE ALLOCATION RETURN SETTLEMENT SOCIAL WELFARE STATE ENTERPRISES STRATEGIC PLANNING TAX TAX REVENUES TECHNICAL ASSISTANCE TRANSPARENCY TREASURY TRUST FUND WITHDRAWAL A medium-term expenditure framework is considered an essential element of public financial management reform, and this framework has been adopted in many countries. However, in terms of implementation in those countries, the medium-term expenditure framework continues to present a significant challenge within the budget process. This case study provides an inside story of medium-term expenditure framework reform in the Republic of Korea and offers some suggestive evidence about the impact of the reform. Drawing on theories of change management, the study explores how actors within the Korean government created acceptance of reform needs among relevant stakeholders, how they handled various challenges throughout the reform, how they built capacity among stakeholders, and how they institutionalized the reform measures that were consistent with stakeholder incentives. The case highlights the following implications: (1) having strong support from top decision makers is essential to successful medium-term expenditure framework reform; (2) finding ways of integrating a medium-term expenditure framework into the budget process is critical; and (3) making the framework stable and sustainable requires both capacity building of relevant stakeholders and significant organizational restructuring. 2013-04-11T17:19:12Z 2013-04-11T17:19:12Z 2013-01 http://documents.worldbank.org/curated/en/2013/01/17205624/achieving-medium-term-expenditure-framework-reform-case-study-korea http://hdl.handle.net/10986/13154 English en_US Policy Research Working Paper;No. 6342 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific Korea, Republic of |