Health and Welfare Policy Forum 2021.11 No.301, pp.23-37
Abstract
The National Accounts System (SNA) is used from a national economic point of view to identify welfare finances that absorb social risks such as diseases, unemployment, and aging of the people. SNA recommends categorizing the financial status by policy area and transfer expenditure and administrative expenses into sub-category. However, in Korea, this information was not provided, so for the first time in Korea, thisstudy was conducted to classify ‘social protection’, which is the welfare finance field of the national account, by policy area and detailed composition. As a result of the study, the total size was 146.7 trillion won (2019), and by policy area, the elderly were 63 trillion won, family and children 23 trillion won, and social protection R&D 80 billion won. Looking at the detailed composition ratio of these individual benefits, transfer expenditure was the highest in ‘unemployment benefit’ (98.4%), and administrative cost wasthe highest in ‘housing benefit’ (40.5%). This is new data that quantitatively shows the characteristics of the benefit composition and delivery system of individual benefits. Since the middle classification and economic classification according to the National Account Creation Manual is the first of its kind conducted in Korea, it is expected that it can be used as the most sophisticated basic data to analyze welfare finance.
