중앙정부 재정부문 정책이 지방재정 운영에 미치는 영향에 관한 연구 - 지방세 비과세‧감면과 사회복지 국고보조사업을 중심으로 -

This study investigated the effects of central government policy on local government finances, focusing on intergovernmental fiscal relations in Korea. It is expected that local tax reduction and exemption by the central government and the central government’s subsidies on the social welfare programs would have critical impact on the local governments’ fiscal operations. In the research model, two dependent variables are employed: the local government’s ratio of debt to budget and the ratio of its own self-financing program revenue to total budget. The independent variables are the degree of local tax exemption and reduction and the central government’s subsidies on the social welfare programs. The analysis shows that the degree of local tax exemption and reduction has a negative effect on the ratio of its own self-financing program revenue to total budget. And compulsory matching on the social welfare programs have negative effect on the local government’s ratio of debt to budget and the ratio of its own self-financing program revenue to total budget.