The Leading eBooks Store Online 4,272,009 members ⚫ 1,419,367 ebooks

New to eBooks.com?

Learn more

Guarding Against Fiscal Risks in Hong Kong SAR

Guarding Against Fiscal Risks in Hong Kong SAR by International Monetary Fund
Buy this eBook
US$ 9.00
(If any tax is payable it will be calculated and shown at checkout.)
Hong Kong SAR's government faces the dual challenges of volatile revenue and medium term spending pressures arising from a rapidly aging population. Age-related spending pressures raise long-run sustainability concerns, while revenue volatility creates risks to service provision, possibly entailing sudden tax changes, or even requiring new borrowing. After describing the risks associated with aging, the paper uses value at risk techniques to measure the value of the unanticipated risks posed by volatile revenue. The paper also describes the self-insurance value of Hong Kong SAR's traditionally high fiscal savings (reserves), and the impact alternate policy choices could have on revenue volatility.
International Monetary Fund; July 2007
19 pages; ISBN 9781452709758
Read online, or download in secure EPUB or secure PDF format
Title: Guarding Against Fiscal Risks in Hong Kong SAR
Author: International Monetary Fund
 
ISBNs
145191167X
9781451867145
9781451911671
9781452709758