| Economic and Political Factors that Lead to the Budget Deficit in Hong Kong from 1998 to 2003 |
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| 作者姓名： | Fan Chun Wai The Centre for Information and Communication Technology in Education |
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| 摘 要： | Despite the adverse impact of the budget deficit in Hong Kong has been alleviated since the economic recovery from 2003, the fiscal deficit may return when there is another downturn in the economy if the problem is not handled fundamentally.Based on the economic and political situation from 1998 to 2003,the factors that lead to the budget deficit in Hong Kong are analyzed in four perspectives,including(a)increase in public expenditure;(b)decrease in public revenues;(c)poor management of public money and(d) weak administration.With a better understanding on these factors, possible solutions to the fiscal problem faced by the government may be developed.
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Economic and Political Factors that Lead to the Budget Deficit in Hong Kong from 1998 to 2003 |
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| Fan Chun Wai The Centre for Information and Communication Technology in Education.Economic and Political Factors that Lead to the Budget Deficit in Hong Kong from 1998 to 2003[J].Chinese JOurnal of Population Resources and Environment,2006,4(4). |
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| Authors: | Fan Chun Wai |
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| Institution: | The Centre for Information and Communication Technology in Education (CICTE) University of Macau,Ay. Padre Tomas Pereira, S.J. Taipa, Macau, China |
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| Abstract: | Despite the adverse impact of the budget deficit in Hong Kong has been alleviated since the economic recovery from 2003,the fiscal deficit may return when there is another downturn in the economy if the problem is not handled fundamentally. Based on the economic and political situation from 1998 to 2003, the factors that lead to the budget deficit in Hong Kong are analyzed in four perspectives, including (a) increase in public expenditure; (b) decrease in public revenues; (c) poor management of public money and (d) weak administration. With a better understanding on these factors,possible solutions to the fiscal problem faced by the government may be developed. |
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| Keywords: | government budget budget deficit fiscal policy government revenue |
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