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영어

It is said that we are facing a serious problem on the soundness of local public finance in Korea these days. We can regard this situation as the fiscal crisis of the local government. This fiscal crisis will be followed by an investigation on the essential cause of this phenomenon and its socioeconomic consequences. Finally, my research will try to find out what are the policy implications for responding to this problem. To answer these questions, the purpose of this study is to evaluate the financial condition of Jeonbuk Province. In order to evaluate the financial condition of Jeonbuk Province and the city-county, Jeonbuk Province and the city-county will be compared with 246 local governments of our country. The financial condition will be comprised of revenue, annual expenditure and external factors. This study will give a financial analysis and suggest alternatives of local government in Jeonbuk Province. Suggestions include: 1) Strengthening of independent local revenue capacity 2) Seeking of efficient annual expenditure alternatives 3) Active response to external environmental factors.