Entertainment · Books & Arts · 16 hrs ago
South Korean Budget Expert Publishes Book on Why Budgets Fail
Jeong Hwan-cheol has published a book on why budgets fail in South Korea.
Jeong is a professor at the National Assembly Training Institute and has held several budget and legislative advisory roles.
He says good budgets should meet four tests: need, soundness, sustainability and results.
The book also offers 10 ways to judge public budgets, including fairness, transparency, efficiency, accountability and financial health.
Jeong criticizes practices such as opaque budget decisions and funding requests made through informal channels, saying weak oversight can waste public money.
The book aims to help readers assess spending more carefully; no further action or policy change is specified.
South Korean budget expert Jeong Hwan-cheol published a book on why budgets fail on Nov. 8.
The book, titled “Why Do Budgets Fail,” sets out four conditions for a good budget and 10 ways to assess its value.
Jeong says budgets should be judged on more than whether they are needed, including their sustainability and results.
The book also criticizes opaque budget practices and spending decisions made without clear standards.
- Who
- Jeong Hwan-cheol, a professor at the National Assembly Training Institute.
- What
- He published a book about why budgets fail and how to assess them.
- When
- Nov. 8, 2026.
- Where
- South Korea. A specific location is not stated.
- Why
- The book aims to explain conditions for good budgets and provide frameworks for evaluating them.
This story does not have two clearly opposing sides.
- Author
- Jeong Hwan-cheol
- Publication date
- Nov. 8, 2026
- Book title
- Why Do Budgets Fail
- Good-budget conditions
- Need, validity, sustainability and results
- Assessment frameworks
- 10 criteria, including balance, fairness, transparency, efficiency and accountability
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What people are saying
A budget is not simply a number but the direction of a nation.
A practical guide that offers concrete ways to raise the standard of budgeting and helps readers develop an eye for assessing budgets properly.