South Korea's government debt reaches worst
http://www.chosunonline.com/site/data/html_dir/2019/09/23/2019092380052.html
S-Korea'sGovernDebtReachesWorstAsWarninThinkTank
[ Today's keyword ] Funny national debt
2019/04/05
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Is ' State debt 40%' a Magino line ?
YTN2019 / 05/22
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Korea Planning and Finance Department 2 years ago
If “introducing new mandatory expenditure” and “declining growth rate” overlap,
It will account for GDP in 2060
Assume that the government debt ratio will rise to 94.6 % ( 37.1 % this year)
Report submission from national policy think tank
We knew what It was receiving by the 22nd .
The national debt ratio is an important indicator for assessing fiscal soundness.
Despite the warnings from such national policy agencies,
The Moon Jae-in administration ignores it,
Welfare expenses that the state must pay by law
The government has been promoting expansionary fiscal policies
such as newly increasing “duty expenditure”.
Therefore, the government debt ratio is
There is growing concern that it may actually rise rapidly.
Belongs to the Diet Planning and Finance Committee
According to Shim Jae-chul, Representative Office
Korea Tax and Finance Institute
Assuming various scenarios,
A report estimating the government debt ratio was submitted to the Planning
and Finance Department.
The research institute
“If discretionary spending increases at nominal growth rates,
Government debt has increased continuously,
It will increase to 62.4 % in 2060. "
Discretionary spending is statutory spending and interest
from government spending as a whole
This means the part excluding “duty expenditure”.
On top of that, the research institute
“If you adjust the discretionary spending,
Government debt can be managed to a sustainable level ( 38.1 % in 1960 ) "
It calculated.
If discretionary spending is kept below the nominal growth rate,
“Fiscal sustainability” is ensured.
However, he entered the Moon Jae-in administration ( 18-20 years)
Discretionary spending growth averaged 6.4 %
This is more than twice as high as this year's economic growth forecast
( 3.0 %).
The Institute also
Once the mandatory spending that is difficult to abolish once increases,
He pointed out that the government debt ratio could rise to over 62.4 %.
The research institute
“If we introduce a new mandatory expenditure of 10 trillion won in 2020 ,
The government debt ratio in 60 years will reach 88.8 %. "
And trial calculation.
In addition,
If “low growth risk” becomes a reality,
We analyzed that the government debt ratio would be the worst.
The Institute has an average annual growth rate of 16-60 years
Assuming a 0.3 point drop,
The government debt ratio for 60 years is expected to reach 94.6 %.
However, entering the current administration,
the mandatory expenditure is
15 trillion 400 billion won in 2019
( about 1,377.7 billion yen , 128.76 billion US dollars ) ,
It reached 13.20 trillion won (budget draft standard) in 20 years.
“When introducing 10 trillion won new mandatory expenditure”
That is why we have an expansionary fiscal policy
that surpasses this assumption.
The government set the target for economic growth this year ( 2.4-2.5 %)
Publicly stated that it would be difficult to achieve
“Low growth risk” has become a reality.
Some say that the growth rate will drop to around 2 % in the future.
The report of the research institute was published in 15 years
by the Planning and Finance Department
This is based on the 2060 long-term financial outlook.
The Planning Finance Department at that time mentioned the expected value,
“For example, the rate of increase
in discretionary spending is regulated below the nominal growth rate.
If you adjust the expenditure structure,
It is possible to manage the government debt ratio for 60 years within 40 %. "
Pointed out.
However, the Moon Jae-in administration
On the contrary,
it has developed an expansionary fiscal policy that puts taxes on it.
Congressman Shim
“The Ministry of Planning and Finance assumed the sentence administration
With a populism policy that exceeds the “worst scenario”
The financial soundness was greatly impaired.
If this trend continues,
the Ministry of Planning and Finance and the Institute estimated
“ 60 years of government debt ratio 94.6 %”
It could be worse than that. "
About this, Planning Finance Department
“We are preparing to announce the“ Long-term Financial Outlook ”next year.
Due to an increase in mandatory spending and a decrease in growth rate
Changes in the financial outlook will be considered at the same time. ''
Explained.
Korea's government debt reaches worst as warned
by national policy think tank
Red, low growth risk is realized , 94.6%
Black, 88.8% when introducing new mandatory expenditure
Blue, 62.4% if government discretionary spending grows
to nominal growth rate
Incompetent, no productivity,
It is a feature of the left school on the right that is sneaky, vicious and cruel.
Scams are the best, especially if you make a difference.
It's only natural to have a network
that hasn't been in the state for several years.
58 Comments 0 Comments
It ’s a state of immorality.
At the same time, are you going to walk around with a money pompon ?
Who has all that money in who wallet now ?
40% people ? you was playing, you ate the debris.
Always the people and life.
41 Comments 0 Comments
Pong
Shabby, shinshin with onomatopoeia
The real problem is worrying
about what will happen next year's general and presidential elections.
How are you really looking at the country ...
What will the economy look like?
What will the national security look like ...
If you can only do copyright, you should throw everything ...
From now on, with the national economy / security
Just popping and throwing in populism
It is said that you must leave the information network
We must start a national enlightenment campaign now.
Is the number you picked up in the iron window for the last two years irritated?
And charter mechanically put the original two presidents on the iron grid
Is it a reasonable act to talk about over 30 years in prison ?
That ’s why it ’s only natural that you ’re afraid of the storm and retribution,
What is important about the country in the next 2-3 years ?
Probably one person if anything re-copy for years
Do you hear the sound of yelling at 1 million won ?
Anyway, the future of the Republic of Korea is already
Keeping in mind the fact that it is in our people themselves
Spirit pit (order) becomes future descendant
Let's keep in mind the fact that you can touch the Korean Republic Baton.
39 Comments 0 Comments
We oppose the South-North joint exhibition of the Olympics
that are supported by our tax.
The government of Moon Jane ignores the voice of the people
Calls for the government not to have a unilateral joint exhibition
20 comments in favor of 1 comment
The time of communion is approaching the president
/ public servant / people. Mosquito
Tick ~~~ bigger and bigger!
19 Pros and 1 Comment
A couple who visits the bucket list,
There was a rumor that even his brother was on the plane ...
It is better for you to stop guilty of annihilating the third generation.
9 Pros and 1 Comment