Regional fiscal disparities and taxation of digital assets will be key topics at an international fiscal policy conference. The event will also address methods for tracking public funds and managing financial risks in state-owned enterprises using blockchain technology.
The KDI School of Public Policy and Management and the World Bank announced that they will host the 4th Joint Fiscal Policy Conference from November 4 to 6 at KDI's Lincoln Hall, under the theme "Fiscal Policy Foundations: From Central-Local Government Fiscal Systems to the Digital Economy." Approximately 100 participants, including government officials and policy practitioners from various countries, will discuss ways to enhance the efficiency and transparency of fiscal operations.
On the first day, the conference will examine the fiscal transfer system between central and local governments. Discussions will focus on resource allocation and procurement systems that can help alleviate regional fiscal disparities and support stable public service delivery. Case studies from Brazil, India, and Germany will be compared, along with discussions on improving South Korea's local education fiscal grants and tax expenditures.
On November 5, the focus will shift to digital assets and blockchain. The conference will explore policy issues surrounding cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs), as well as regulatory experiences from the United States and South Korea. Participants will review the classification and taxation of digital assets, cross-border transaction policies, and the direction for establishing a taxation framework.
Examples of financial expenditure management using blockchain will also be presented. Discussions will include South Korea's treasury execution system utilizing deposit tokens and the World Bank's "Fund Chain," which tracks the entire flow of funds for development projects to enhance the efficiency and transparency of public fund management.
On the final day, training will be provided for policy practitioners from developing countries. The World Bank will introduce its "State-Owned Enterprise Financial Risk Assessment Tool," which analyzes the financial health and potential fiscal risks of state-owned enterprises. Practical exercises will utilize actual public procurement data to explore procurement efficiency and budget-saving strategies.
KDI School President Kim Jun-kyung identified the optimization of the fiscal system between central and local governments, enhancing fiscal transparency through blockchain, and policy responses to digital assets as key issues for sustainable finance.
In his opening remarks, Kim expressed hope that the conference would serve as a meaningful platform for sharing experiences and solutions from various countries while seeking a sustainable fiscal foundation.
The KDI School of Public Policy and Management and the World Bank announced that they will host the 4th Joint Fiscal Policy Conference from November 4 to 6 at KDI's Lincoln Hall, under the theme "Fiscal Policy Foundations: From Central-Local Government Fiscal Systems to the Digital Economy." Approximately 100 participants, including government officials and policy practitioners from various countries, will discuss ways to enhance the efficiency and transparency of fiscal operations.
On the first day, the conference will examine the fiscal transfer system between central and local governments. Discussions will focus on resource allocation and procurement systems that can help alleviate regional fiscal disparities and support stable public service delivery. Case studies from Brazil, India, and Germany will be compared, along with discussions on improving South Korea's local education fiscal grants and tax expenditures.
On November 5, the focus will shift to digital assets and blockchain. The conference will explore policy issues surrounding cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs), as well as regulatory experiences from the United States and South Korea. Participants will review the classification and taxation of digital assets, cross-border transaction policies, and the direction for establishing a taxation framework.
Examples of financial expenditure management using blockchain will also be presented. Discussions will include South Korea's treasury execution system utilizing deposit tokens and the World Bank's "Fund Chain," which tracks the entire flow of funds for development projects to enhance the efficiency and transparency of public fund management.
On the final day, training will be provided for policy practitioners from developing countries. The World Bank will introduce its "State-Owned Enterprise Financial Risk Assessment Tool," which analyzes the financial health and potential fiscal risks of state-owned enterprises. Practical exercises will utilize actual public procurement data to explore procurement efficiency and budget-saving strategies.
KDI School President Kim Jun-kyung identified the optimization of the fiscal system between central and local governments, enhancing fiscal transparency through blockchain, and policy responses to digital assets as key issues for sustainable finance.
In his opening remarks, Kim expressed hope that the conference would serve as a meaningful platform for sharing experiences and solutions from various countries while seeking a sustainable fiscal foundation.
* This article has been translated by AI.
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