People’s Republic of China—Hong Kong Special Administrative Region: Selected Issues
May 30, 2003
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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.
Subject: Civil service, Education, Expenditure, Housing prices, Labor, Land prices, Prices, Total expenditures
Keywords: Civil service, convergence shock, correction mechanism, cost push shock, CR, deflation, East Asia, Global, housing price, Housing prices, ISCR, Land prices, pay, productivity, productivity shock, Total expenditures
Pages:
56
Volume:
2003
DOI:
Issue:
142
Series:
Country Report No. 2003/142
Stock No:
1HKGEA0012003
ISBN:
9781451816846
ISSN:
1934-7685
