정부의 재정지표 현황 및 개선방안에 관한 연구: 통합재정수지와 국가채무를 중심으로

This study analyzes the problems with the government's fiscal indicators and suggests improvement methods. The Korean government sets and manages the consolidated fiscal balance and national debt as major indicators among fiscal indicators. The consolidated fiscal balance is used from the perspective of flow, and the national debt is used from the perspective of stock. However, the method of calculating the consolidated fiscal balance does not conform to the latest international statistical methods. It is also confirmed that the scope of the consolidated fiscal balance and national debt is different. Therefore, we would like to suggest a way to improve it. First of all, the consolidated fiscal balance covers the government-inclusive scope excluding the Financial Profitability Fund and the Foreign Exchange Equalization Fund, and there is a problem that loan (principal) transactions are reflected in the consolidated fiscal balance. Also, since the comprehensive range of national debt is different from the comprehensive range of the consolidated fiscal balance, the consistency of flow and stock is hindered. Therefore, in this study, to solve this problem, it is proposed to calculate the integrated fiscal balance including the financial performance fund and the foreign exchange equalization fund, and excluding the loan transaction. In addition, it is proposed to manage excluded loan transactions from the perspective of financial assets aggregated on an accrual basis. In addition, it is proposed to calculate and manage the flow and stocked fiscal information according to the national fiscal operation under the same standard by matching the scope with the expanded consolidated fiscal balance.