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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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| 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 |
| Summary: | 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. |
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