Kim, Hyun-A creator text SeoulKR Korea Institute of Public Finance 2012 monographic 102 p. Focuses on the current fiscal situation of the central and local governments in Korea. Attempts to provide empirical analysis that illuminates both policy effects and limitations of differential subsidy rates, which are implemented on the level of individual programmes. Presents various standards regarding the size of the welfare budget and estimates the Korea welfare budget based on parameters selected by the author. 12/4/13 SANDRAW 11.01.01 K49