The booklet titled '2024 National Budget Overview,' which encapsulates the overall direction of this year's national finances, will be published on the 5th.


This booklet contains detailed explanations of the management of national finances for this year based on the 2024 budget confirmed by the National Assembly last year, and it was directly written by the practical staff of the Budget Office of the Ministry of Economy and Finance who prepared this year's budget.


Part 1 includes the President's policy speech on the budget proposal and the explanatory proposal by the Deputy Prime Minister and Minister of Economy and Finance, while Part 2 provides detailed explanations of the overall fiscal management conditions and scale, the direction of fiscal management, and investment plans by sector.


In particular, Chapter 3 of Part 2, 'Detailed Investment Plans by Sector,' explains the directions of fiscal support and major support contents for 12 major sectors across 3 chapters, including health, welfare, employment, education, culture, sports, tourism, research and development (R&D), industry, small and medium enterprises, energy, social overhead capital (SOC), agriculture, forestry, fisheries, food, environment, defense, diplomacy and unification, public order and safety, and general and local administration.



Part 3 provides systematic statistical information on overall finances, including revenues and expenditures of general and special accounts, and income and expenditures of funds. The '2024 National Budget Overview' booklet will be available for viewing on the Ministry of Economy and Finance website starting from the 5th, and will be distributed next week to local governments, education offices, and public institutions.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing