Minister Park Hong-keun of the Budget Office. [Photo=Yonhap News]
On May 11, Minister Park Hong-keun of the Budget Office stated that a long-term national strategy must be established to address structural challenges such as demographic changes, industrial transformation, regional disparities, and climate crises. He emphasized the need to integrate fiscal policy with these strategies to make them a reality.
Minister Park made these remarks during the opening ceremony of the Budget Office and a public pledge event held at the Government Sejong Complex.
At the event, Minister Park and key officials placed their handprints on a plaque inscribed with the phrase "A New Future, Strong Finances, Happy Citizens," reaffirming their commitment to establishing a solid foundation for national finances and prioritizing the well-being of the public.
In his opening remarks, Park highlighted that the Budget Office will be evaluated based on its achievements and outcomes, underscoring its primary responsibility as "designing the future of South Korea."
He also stressed the importance of reflecting the voices of citizens throughout the entire budget process, ensuring that the budget leads to tangible improvements in people's lives.
Furthermore, he noted that the Budget Office should be an organization capable of designing the future while also being effective, creating real changes that citizens can feel, and responding quickly and flexibly to challenges.
Immediately following the opening ceremony, Minister Park chaired the fifth expanded executive meeting in the fourth-floor conference room of the Government Sejong Complex. He remarked that the relocation to the new office represents a true starting point for the organization, urging everyone to dedicate themselves to fulfilling the mission of the Budget Office.
He particularly emphasized the need to faithfully incorporate the results of integrated financial project evaluations, which are central to performance-based financial management, into the budget formulation and expenditure restructuring processes. He called for efforts to ensure the principles of autonomy and accountability in financial management are realized.
Minister Park also mentioned that the process of preparing the 2027 budget will begin with the submission of budget requests from various ministries at the end of this month. He urged preparations for the "Youth LiveTalk" event aimed at enhancing communication with future generations.
Additionally, he encouraged the newly established organization not to fear failure and to position itself as a leader in creating a smart, AI-based work environment through diverse initiatives.
Minister Park made these remarks during the opening ceremony of the Budget Office and a public pledge event held at the Government Sejong Complex.
At the event, Minister Park and key officials placed their handprints on a plaque inscribed with the phrase "A New Future, Strong Finances, Happy Citizens," reaffirming their commitment to establishing a solid foundation for national finances and prioritizing the well-being of the public.
In his opening remarks, Park highlighted that the Budget Office will be evaluated based on its achievements and outcomes, underscoring its primary responsibility as "designing the future of South Korea."
He also stressed the importance of reflecting the voices of citizens throughout the entire budget process, ensuring that the budget leads to tangible improvements in people's lives.
Furthermore, he noted that the Budget Office should be an organization capable of designing the future while also being effective, creating real changes that citizens can feel, and responding quickly and flexibly to challenges.
Immediately following the opening ceremony, Minister Park chaired the fifth expanded executive meeting in the fourth-floor conference room of the Government Sejong Complex. He remarked that the relocation to the new office represents a true starting point for the organization, urging everyone to dedicate themselves to fulfilling the mission of the Budget Office.
He particularly emphasized the need to faithfully incorporate the results of integrated financial project evaluations, which are central to performance-based financial management, into the budget formulation and expenditure restructuring processes. He called for efforts to ensure the principles of autonomy and accountability in financial management are realized.
Minister Park also mentioned that the process of preparing the 2027 budget will begin with the submission of budget requests from various ministries at the end of this month. He urged preparations for the "Youth LiveTalk" event aimed at enhancing communication with future generations.
Additionally, he encouraged the newly established organization not to fear failure and to position itself as a leader in creating a smart, AI-based work environment through diverse initiatives.
* This article has been translated by AI.
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