European Parliament Library

People’s Republic of China—Hong Kong Special Administrative Region :, Selected Issues

Abstract
This Selected Issues paper reviews medium-term fiscal challenges for Hong Kong Special Administrative Region (Hong Kong SAR). It focuses on key considerations that need to be evaluated when formulating a medium-term reserves policy in the face of fiscal challenges, such as accommodating future spending pressures and revenue fluctuations. The broad conclusion of the paper is that fiscal reserves will likely remain an important feature of future fiscal policy. The paper also discusses more general aspects of Hong Kong SAR’s economy’s competitiveness, and the outlook for Hong Kong SAR’s financial center
Table Of Contents
Cover; Contents; I. Medium-Term Fiscal Challenges and Policy-The Role of Fiscal Reserves; A. Introduction and Background; B. Anticipated Risks: Age-Related Fiscal Pressures; C. Unanticipated Risks: Revenue Volatility; Box 1: Theoretical Aspects of Fiscal Policy; Figure 1: Cumulative Fiscal Value at Risk Estimates; Figure 2: Fiscal Value at Risk Density Functions; D. Can Policy Choices Limit the Need to Hold Large Reserves?; E. Do Other Countries Hold Fiscal Reserves?; Appendix: Methodological Issues; Reference; II. Competitiveness: Trends and Prospects; A. Introduction; B. Trends and Patterns
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451999778

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