People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
Volume/Issue:
Volume 2003
Issue 142
Publication date: May 2003
ISBN: 9781451816846
$20.00
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Topics covered in this book
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Business and Economics , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , pay , deflation , productivity , productivity shock , convergence shock , housing price , correction mechanism , cost push shock , Land prices , Civil service , Housing prices , Total expenditures , East Asia , Global
Summary
This Selected Issues paper examines the fiscal outlook and policy options for the Hong Kong Special Administrative Region. The paper provides indicative estimates of how revenue and expenditure might evolve in the next five years under two fiscal consolidation scenarios with a different mix of revenue/expenditure measures to bring the fiscal position to balance by FY2006. The paper examines different revenue raising measures in light of the findings by the Advisory Committee on new Broad-Based Taxes. It also offers some thoughts on areas where potential expenditure savings could be made.
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