Gov't, OECD to discuss budget policies, sustainable growth
SEOUL, Sept. 29 (Yonhap) -- The budget ministry said Tuesday it plans to host an...
The South Korean Ministry of Planning and Budget announced plans to host an international forum this week in collaboration with the Organization for Economic Cooperation and Development (OECD). The 14th Korea-OECD International Forum on Budgeting will take place at the OECD headquarters in Paris over two days, beginning Wednesday.
Experts from diverse fields will gather to discuss the role of budgeting in addressing various global challenges, including supply chain disruptions, artificial intelligence, climate change, and demographic issues.
South Korea intends to showcase its recent fiscal policy accomplishments and investment strategies outlined in its 2027 budget proposal during the forum. Senior budget officials from the United States, Canada, Sweden, Finland, Australia, and New Zealand have been invited to share their countries' experiences with proactive fiscal policy. The forum aims to highlight South Korea's advancements in preemptive and proactive fiscal investment and management, emphasizing the role of fiscal policy in tackling structural crises.
Vice Budget Minister Cho Yong-beom intends to meet with OECD Chief Economist Stefano Scarpetta during the event to explore avenues for enhancing bilateral cooperation on fiscal policy matters.
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