2015. 1.

13

(1)

) ()

OECD

50~150%

* ,

, (4 )

12

177

531

65.0%

* (`08) 63.1% (`10) 64.2% (`12) 65.0%

354

`08

1.9%p

* ( : , `12 , 2)

* 14 : 45%
- : 515 35
- 1 -

(2)

, RIR ,
40 150

205 248 287 328 370 422 501

1)
RIR 20%2) 42 50 58 67 75 86 102
RIR 30%
62 74 86 98 111 127 150

1) `14 RIR : 20.3% ( , )

2) RIR : 32.4% ( , )

) = 150
= 100

60

40

80

* () ( 6% )

( )

-

/ ( : )

( : ) = 150 = 100
1.36
5,800 / 39
4,500 / 45
68
1.85
8,000 / 53
6,200 / 62
93
2.43
10,400 / 70
8,100 / 81
122
0.90
3,900 / 26
3,000 / 30
45

, 8

(), 2()

* (5974) : 3744, 41.450.6 / 7.6:1

** 2(7484) : 6174, 6169 / 2.2:1
- 2 -

(+++)

12

(49.9%:
(50.1%)

42.9%,

7.0%)

(55.0%,

14

(45.0%)

50.2%)

< (%) >

62.3
23.6
9.3
48.8
40.9
7.4

00
10
12
14

50.1
45.0

42.9
50.2

4.9
2.9

6.3
3.2

0.7
1.6

* (14 ) : () 10.1% () 14.0% () 18.3%

14.11

6.9%

9 ,

134

, 3

4.3%

* 11 () : ('11) 121.9 ('12) 121.6 ('13) 126.2 ('14) 134.9

8.0%p

41.0%

11

* : (`11.11) 33.5%, (`12.11) 34.2%, (`13.11) 40.0%, (`14.11) 39.0%

** : (`11) 33.0%, (`12) 33.9%, (`13) 39.3%, (`14) 41.0%

- 3 -

* (11) 146.0, (12) 148.7

: 161.6

(60.4%)

* LH

(39.6%)

* 31.3( 14.8 ), 32.6

97.7

63.9

( : )

(LH) ()
5 10

2 0.8
6 3.9 31.3
32.6
13 1 61.6 76.9
(47.5%) (12.9%) (39.6%) (19.4%) 9.3 5.5 0 (20.2%) 0
: 101.6 ( 5.4%)

(5

96.1

1.6

2013

1,896.9

161.6

101.6

(11)

(13) 5.4%(101.6

5.4%

(12)

5.0%(93.1

5.4%

19%

32%

8.5%

(14) 5.6%(109

< >

9.3

50
10
19.2 10.3 40.9 2,6 9.2 8.0 11.5

5.0%(89.0

(5

5.5

23%

6.1%

19%

5%

* (12), (08), (0709)

- 4 -

17%

17.1%

OECD

EU

11.5%

9.4%

(2014)

* 1.19

< () >

( : , %)

7,700
17,734
9,532
3,865
3,299
481
55
'12 (100.0) (53.7) (43.4) (21.8)
(18.6)
(2.7)
(0.3)
(100.0) (50.2)
(42.8)
(6.2)
(0.7)
7,832
17,999 9,655 (43.5) 3,527
3,930
250
125
'14 (100.0)
(19.6)
(21.8)
(1.4)
(0.7)
(53.6) (100.0) (45.0)
(50.2)
(3.2)
(1.6)

502
(2.8)
512
(2.8)

< (PIR, ) >

06

4.2
5.7

08

4.3
6.9

10

4.3
6.9

12

5.1
6.7

14

4.7
6.9

< (RIR, ) >

06

18.7%
19.9%

08

17.5%
22.3%

10

19.2%
20.9%

12

19.8%
23.3%

14

20.3%
21.6%

( 11 )

(14)

(58)

(910)

19.8%

23.1%

42.2%

24.9%

29.4%

49.4%

27.8%

20.2%

25.0%

46.3%

20.3%

- 5 -

19.9%

( 14 )

( : , %)

17,999 4,776
(26.5)
9,655 1,284
(13.3)
7,832 3,363
(42.9)
3,527 1,386
(39.3)
3,930 1,802
(45.9)
243 120
(49.4)
132 54
(40.9)
512 130
(25.3)

24 46 68 810

3,373
(18.7)
1,272
(13.2)
2,001
(25.6)
1,020
(28.9)
915
(23.3)
48
(19.6)
19
(14.1)
100
(19.5)

2,108 1,385
(11.7) (7.7)
1,025 884
(10.6) (9.2)
1,022 458
(13.0) (5.8)
475 212
(13.5) (6.0)
494 230
(12.6) (5.9)
29
8
(11.9) (3.4)
23
7
(17.7) (5.4)
61
44
(12.0) (8.5)

73.5%

11.2

905
(5.0)
648
(6.7)
227
(2.9)
113
(3.2)
103
(2.6)
6
(2.5)
5
(3.6)
29
(5.8)

10

5,452
(30.3)
4,542
(47.0)
762
(9.7)
320
(9.1)
385
(9.8)
32
(13.2)
24
(18.4)
148
(29.0)

7.7
11.2
3.5
3.5
3.4
3.7
5.4
7.4

3.5

3.4

3.7

31.8%

, 4

, 4

, 4

30.9%

31.0%

(7.7

,
- 6 -

,
1%
3%

* (652) , 2.87%,
1.44%

5% ,

,
, ,

5%

* (652) 5.14%,
5.28%

)

(

+1.1%p,

) ,

LH

50%),

+2.1%p

75%),

+1.0%p

0.4%p,

10%

) (50%

(25%

0.6%p,

10%

3.3%

+0.5%p

+0.8%p

2.5%

* ( )

- 7 -

85

(

)

5 10 5 4 10 8 5 4
: : : :
(
)

: 5% : 5% :
5% : 5%
:
: : : : :




2/3
(+)/2
5:
10:

( )

300

300

300

300

- 8 -

15

(14.2.26)
,
) 3 ,
12,146

) 3

- (

NHF 1
NHF 2
NHF 3

1,300

12

< >

, 2, ,
, ,
2(2), , ,
12



3
15

4,448
2,693
5,005
12,146
567
191
520
1,278
13,424

'15 : 1.6, 1.0

(2) ,
-

() (1) LH
(3)

* KT
- 9 -

1~6

16(07), 3.2(08)
-

,
<

1/
6

2/
3

>

5/6

1/3

1/6
55%
45%
1/3
1/3

) ,

,
- 10 -

- (

- (

2002

) (

) , ,

LH

- (

08

6,373

2,825

- 11 -

10

( )

(D uf lot)

2012

2013~2016

( ) (

1 2 )

18%

* 1 6000( 900)
<

(Scellier)
1
09~12

13~16
(Duflot)

, 9
-
-
, 9~15
-
-

, 9
-
-

(Cost

15,000

>

13%

-9

15
21%
18%

-9

Deductions)

15,000

30%

(Depeciaotion Allowance)

20

50%

(Rental

Income Loss Deduction)

10,000

- 12 -




CDC

30

100%

15

)
-

91 , 12.8 38

- 13 -

(Robien)

2003~
2006

(Besson)

(Borloo

(Robien

(Borloo)

15
65%

6%

26%

9
50%

15
65%

9 30%

30%

populaire)

2009

recentr c)

2006~

45%)

9)
(

(S cellier)

2009~

2012

-9

-9~15
-

-9

13%

2013~

(D uf lot)

2016

9 30%
60%,

70%)
(

-9

15
21%

- 14 -

18%

-9

11

233

98 23 21 23 24 24 20

- 15 -

12

85

, 8

48

(1

382

) 8

526

66

81 1,400 14
280
38
1,813

60 1,050 13
280
38
1,441
21
350
1
0
0
372

8
168 350
8
0
0
526
* 7, 6 85

[ , 80(960), ]
2

) 8

908

114

81 1,400 14
280
38
1,813

60
700
9
280
38
1,087
21
700
5
0
0
726

8
168 700
40
0
0
908
* 7, 6 85
17
[ , 80(960), ]
2
- 16 -