International Disease Eradication Fund 'Abolition' Recommendation

Ministry of Economy and Finance Reports 2024 Fund Evaluation Results to the State Council

Private experts have evaluated that the abolition of the International Disease Control Fund is necessary.

The Ministry of Economy and Finance announced on the 28th that it reported the results of the 2024 fund evaluation with this content to the Cabinet meeting. The fund evaluation is divided into the 'Fund Retention Evaluation,' which assesses the validity of maintaining the fund and the appropriateness of the project and financial structure, and the 'Fund Operation Evaluation,' which assesses the performance of surplus asset management and the appropriateness of the management system.

The Fund Operation Evaluation Team, composed of private experts, conducted retention evaluations on 25 funds and recommended the abolition of the International Disease Control Fund. This is because the main source of funding, the departure payment, was decided to be abolished last March, making it difficult to maintain the fund. The Agricultural and Rural Public Interest Function Promotion Direct Payment Fund and the Private School Promotion Fund were recommended for conditional retention. The Private School Promotion Fund was recommended for conditional retention on the condition of adjusting the scale of its projects.

Twenty-two funds were evaluated as valid for retention. In the fund operation evaluation conducted on 23 funds, 13 funds received a rating of 'Excellent' or higher, the same as last year.

The National Pension Fund, which undergoes a separate operation evaluation, improved its score from last year (77.7 → 78.0 points) due to reasons such as improved yield. The evaluation grade remained the same as last year, maintaining a 'Good' rating. The Ministry of Economy and Finance stated, "The fund evaluation results will be used for establishing next year's fund operation plan and other financial operations, and will be submitted to the National Assembly by the end of May and disclosed to the public."