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National Budget Game
The National Budget Game is an economic education simulation game developed by the Policy Evaluation Research Institute (PERI). It is designed to help citizens learn about sustainable fiscal management by allowing them to set national goals and choose policy instruments.king by the National Assembly and the government.
Due to low birth rates, an aging population, and prolonged low economic growth, South Korea’s fiscal situation is deteriorating. Concerns are mounting, particularly as populist policies contribute to the national debt exceeding 50% of GDP. In response, we have developed the National Budget Game to help the public better understand the importance of fiscal management and actively participate in it.
The National Budget Game is based on the Fiscal Ship Game developed by the Brookings Institution in the United States. It was created by the Policy Evaluation Research Institute (PERI) with the cooperation of the Hutchins Center at Brookings and 1st Playable Productions. In the game, users set fiscal policy goals and use various policy tools to achieve them, receiving feedback based on their choices. Through this interactive experience, citizens can directly explore and learn about budget policy and the importance of fiscal soundness.
Your choices decide the future!
The economic situation in 2055 depends on the policies we choose today.
How will you manage the national budget?🎮
▶ Policy Goals
💡 Economic Revitalization
💡 Strengthening Elderly Care
💡 Investment for the Future
▶ 2055 National Fiscal Simulation
The national budget and the burden on future generations will vary depending on the policy choices you make! 🎮
🔹 Discretionary Spending Adjustments
① Adjust education spending
② Cut or increase defense spending
③ Cut or increase social welfare spending
🔹 Mandatory Spending Reforms
④ Reduce local government transfers
⑤ Adjust local education finance grants (lower ratio relative to domestic taxes and link to school-age population)
🔹 Education Funding Expansion
⑥ Expand higher education funding (reflect OECD standards)
🔹 Tax Policy Adjustments
⑦ Raise or lower income tax rates
⑧ Raise or lower value-added tax (VAT) rates
⑨ Raise or lower corporate tax rates
⑩ Raise or lower transportation, environment, and energy tax rates
⑪ Adjust tax exemptions (corporate tax): reduce and cut investment tax credits for SMEs and general corporations
⑫ Adjust tax exemptions (income tax): reduce income and tax credits
🔹 Tax System Reforms
⑬ Abolish inheritance tax and comprehensive real estate tax
🔹 Public Pension System Reform
⑭ Adjust income replacement rate and strengthen income redistribution elements (maintain current replacement rate + increase pension insurance contributions)
🔹 Basic Pension Restructuring
⑮ Adjust the amount and rate of basic pension payments
▶ National Goal Achievement
✅ Managing National Debt
– Success: By 2055, the government kept debt under control and ensured stable growth with minimal citizen burden
– Failure: By 2055, the government lost control of debt, causing economic instability
📉 PERI-Yong Index (PTI)
– Decrease: The burden on future generations decreased, improving economic stability
– Increase: The burden on future generations increased, heightening economic instability
🎯 Achievement of National Goals
– Success: By 2055, the country successfully achieved its economic and fiscal goals, maintaining a sustainable growth path
– Failure: By 2055, the country failed to achieve its economic and fiscal goals, losing the sustainable growth path
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