Chapter 1 IntroductionSection 1 Significance of Local Finance1. Significance of Local Finance 2. Local Finance-related Laws 3. The New Normal Transition and Changing Environment Section 2 Size and Composition of Local Finance1. National Finance and Local Finance 2. Local Government Revenue 3. Local Government Expenditure Section 3 Key Fiscal Indicators for Local Finance1. Significance of Key Indicators in Local Finance 2. Fiscal Independence Index and Fiscal Autonomy Index 3. Fiscal Capacity Index Chapter 2 Local Revenue and Own-SourceSection 1 The System and Status of Local Taxes1. Significance of Local Taxes 2. System and Classification of Local Taxes 3. Size and Regional Distribution of Local Taxes Section 2 Issues and Policy Challenges of Local Taxation1. Structure of National Tax-Local Tax Revenue Share 2. Tax Price Principle and Taxation Sovereignty 3. Local Tax Non-Local Resources Section 3 Local Non-Tax Revenue1. Significance of Local Non-Tax Revenue 2. Categories of Local Non-Tax Revenue 3. Current Status of Local Non-Tax Revenue Chapter 3 Local Revenue and Dependent Financial ResourcesSection 1 Local Share Tax1. The Purpose of the Local Share Tax 2. Composition and Funding of the Local Share Tax3. General Share Tax and Adjustments 4. Policy Goals of Local Share Tax System Section 2 Adjustment Grant and Regional Coexistent Development Fund1. City & County Adjustment Grant 2. Autonomous District Adjustment Grants 3. Regional Coexistent Development Fund 4. Policy Goals of AG & RCDF Section 3 Subsidy1. The Purpose of Subsidy 2. National Subsidy Trends3. The Rates of Subsidies in National Subsidy Projects 4. Balanced Regional Development Special Account 5. Policy Agenda in the Subsidy System Chapter 4 Local BondSection 1 Definition and Types of Local Bonds1. Definition of Local Bonds 2. Types of Local Bonds based on the Purposes 3. Types of Local Bonds with Bond Issuance Method Section 2 Local Bond Management System1. Management of Local Bonds by MOIS 2. Local Bond Management by Local GovernmentsSection 3 Future Tasks for Local Bond Management1. Enhancing the Utilization Strategies of Local Bonds 2. Adoption of Specialized Techniques for Management 3. Governmental Support by the Central Government 4. Establishment of a Specialized Network Chapter 5 Local Fiscal Management SystemSection 1 The Purpose of a Fiscal Management System1. Budget Management Process of Local Governments 2. Decentralization and Local Fiscal Management Section 2 Pre-Budget System1. The Mid-term Local Finance Plan 2. Feasibility Study and Local Financial Impact Assessment 3. Local Finance Investment Review Section 3 Post-Fiscal Management1. Local Finance Analysis System 2. Financial Crisis Management Section 4 Subsidy and Local Fiscal Management1. Political Economy of Subsidies 2. Management of National Subsidies by MOIS 3. Evaluation of Subsidy Project System Chapter 6 Local Public EnterprisesSection 1 The Meaning of Local Public Enterprises1. Significance of Local Public Enterprises2. Types and Businesses of Local Public Enterprises Section 2 Financial Situations of Local Public Enterprises1. Financial Scale of Local Public Enterprises 2. Financial Soundness of the Local Public Enterprises 3. Political Economy of Debt and Public Fees Section 3 Management of Local Public Enterprises1. Local Public Enterprises Management Evaluation 2. Management Innovation Issues Chapter 7 Value Budgeting and Financial ManagementSection 1 Participatory Budgeting1. Significance of Participatory Budgeting 2. Introduction of Participatory Budgeting 3. Issues of Participatory Budgeting Section 2 Local Government Gender Budget System1. Significance of the Gender Budget System 2. Main Contents of the Gender Budget Statement 3. Issues of the Gender Budget System Section 3 Local Grant Budget Management1. Significance of Local Grant 2. Local Grant Budget and Management 3. Issues in Managing the Local Grant Budget Chapter 8 Social Welfare and Local FinanceSection 1 Welfare Decentralization and Local Finance1. Local Finance and Social Welfare Expenditure2. Local Finance as the Main Player in Welfare Policy 3. Welfare Decentralization and Local Finance Section 2 Issues of Local Social Welfare Expenditure1. Status of Welfare Expenditure in Local Finance 2. Issues in and Inter-Governmental Welfare Finance Section 3 Reform Tasks for Welfare Finance1. Guaranteeing Local General Revenue 2. Reorganization of the Standard Subsidy Rate 3. Establishment of the Next-Generation System Chapter 9 Fiscal Decentralization and Intergovernmental RelationsSection 1 Significance of Fiscal Decentralization1. Meaning of Decentralization and Fiscal Decentralization 2. Three Theoris about Fiscal Decentralization 3. Own-Sourcism and General Resourcism 4. History of Fiscal Decentralization Section 2 Decentralization Share Tax1. Significance of the Decentralization Share Tax System2. Funding and Allocation Method for DST 3. Key Issues Regarding the DST Section 3 Balanced Regional Development Special Account(BRD-SA)1. Significance of the BRD-SA 2. Operational Framework 3. Implications of the BRD-SA and Fiscal Decentralization Section 4 The Transfer of National Tax to Local Tax 1. The Moon Jae-in Administration’s Decentralization Initiative 2. Two-Stage Fiscal Decentralization 3. Characteristics and Policy Implications