Functional Classification of National Accounts Systems in Korea

  • Jeong SeonghoEmail author
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-31816-5_3796-1

Synonyms

Definition

The COFOG is a detailed classification of the functions that general government units seek to achieve through various expenditures.

Introduction

The COFOG, produced by the Organization for Economic Cooperation and Development (OECD) and published together with three other classifications in the United Nations (UN) is a detailed classification of the functions or socioeconomic objectives that general government units seek to achieve through various expenditures. It is one of a family of four classifications referred to as classifications of individual consumption, according to purpose (the Classification of Individual Consumption According to Purpose (COICOP); the Classification of the Purpose of Nonprofit Institutions Serving Households (COPNI); and the Classification of the Outlays of Producers According to Purpose (COPP)).

The South Korean government’s Classification of the Functions of...

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References

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Korea Public Finance Information ServiceSeoulKorea