Contents
Page | ||
---|---|---|
Acknowledgement | ||
Executive Summary | iii | |
Introduction | 1 | |
Chapter 1 | Fiscal Health Check | 5 |
Chapter 2 | Macroeconomic Assumptions | 33 |
Chapter 3 | Expenditure Projections | 51 |
Chapter 4 | Revenue Projections | 87 |
Chapter 5 | Fiscal Sustainability | 107 |
Chapter 6 | Fiscal Measures Adopted in Other Economies | 119 |
Chapter 7 | Proposed Fiscal Measures | 155 |
Annexes | ||
A. | Membership of the Working Group on Long-Term Fiscal Planning | 197 |
B. | Technical Considerations Underlying the Key Macroeconomic Assumptions under the Base Case | 199 |
C. | Specification of the Shock Case | 215 |
D. | Expenditure Projections - Assumptions, Limitations and Considerations | 217 |
E. | Econometric Modelling for Revenue Projections | 229 |
F. | Projections of Government Revenue and Expenditure - Results of Sensitivity Analyses | 237 |
G. | Economic and Fiscal Position of Hong Kong | 239 |
H. | Illustrative Presentation of Operating Account and Capital Account | 241 |
243 |
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A tool to illustrate various projections under different macroeconomic assumptions and expenditure scenarios is available here.