세대간 단절에 대응한 장기재정계획 법제화 연구

Abstract

Korea has entered ‘an era of generational divide’, in which the financial conditions of the current and future generations are completely different. Until now, there was no significant difference in financial conditions between generations, so it was not a problem to manage the public finance based on annual budgets or medium-term fiscal plans. However, due to structural changes in new population, economy and technology, the generational divide is greatly expanding, which will completely change the lifestyle, economic environment and financial conditions between the current and future generations. In particular, Korea has the most severe generational divide in the world, and it is expected to become extremely difficult to maintain public finances and welfare in the future. Therefore, it is now necessary to develop a new fiscal management method that responds to generational divide. It is important to effectively operate long-term fiscal projections and legislate long-term fiscal plans, which are necessary to accurately forecast the intergenerational imbalance through long-term fiscal projections and set guidelines for operating medium-term fiscal plans and annual budgets based on them. In Korea, the National Finance Act stipulates that long-term fiscal projections should be conducted, but it has not been properly operated and does not properly reflect the three variables that cause intergenerational imbalance. Moreover, Korea's National Finance Act has no legal provisions for establishing a long-term fiscal plan. To correct this, it is necessary to effectively implement long-term fiscal projections and long-term fiscal plans. This study presents Australia's intergenerational report as a case in point. To this end, the relevant regulations should be supplemented to the National Finance Act, and specific operational directions should be established in the enforcement decree.