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Urban public finances in developing countries : a case study of Seoul, Korea (English)

A case study of the public finances of the urban government of Seoul is presented as part of an analytic and informational base that will increase consistency and confidence levels in decision making. The study provides: 1) an understanding of the operation of the finance system is Seoul; 2) a format for describing and analyzing this system; 3) a menu of the major problems facing the government of Seoul; and 4) data that may be used to establish comparative norms against which aspects of performance or problem severity may be evaluated. The budget of the Seoul government is one of the fastest growing in the world and demonstrates the importance of local governments in urban public service delivery. The fiscal policy of the Seoul local government does need remediation in three areas, however: budgeting procedures, the relationship between self-financing and general financing expenditures, and property tax structure. Financial and demographic data are included.

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Citation

Bahl, Roy W. Wasylenko, M.

Urban public finances in developing countries : a case study of Seoul, Korea (English). Urban and regional report,no. URR 7703 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/997341468914152319/Urban-public-finances-in-developing-countries-a-case-study-of-Seoul-Korea