Budget ministry turns to AI to help steer fiscal planning

“Korea is moving to hand a portion of its fiscal planning to artificial intelligence (AI), betting that algorithms can sift through decades of data faster — and perhaps more rigorously — than overworked civil servants. The Ministry of Planning and Budget said Friday it will introduce an “AI budget assistant” to support nearly every stage of fiscal planning, from drafting proposals to restructuring expenditures, with full deployment targeted for May 2027. The initiative was discussed at a government meeting, where participants agreed that the system is intended to make the ministry a “first mover” in adopting AI across government operations. The tool will rely on a large language model trained on accumulated fiscal data, including budget requests, program descriptions, statistical records and internal reviews. Officials said the system will generate tailored responses when staff input queries, dramatically reducing the time needed to gather and analyze information. The ministry has sharply expanded its broader AI spending to support such efforts, tripling the national AI budget

Summary generated from the RSS feed of Korea Times Southkorea. All article rights belong to the original publisher. Click through to read the full piece on www.koreatimes.co.kr.