Hong Kong Public Budgeting: Historical and Comparative Analyses

This book provides a comprehensive and scholarly account of Hong Kong Public Budgeting,spanning from the pre-1997 British rule to the post-1997 Chinese rule. It offers historical and comparative analyses,tracing the evolution of budgetary institutions and decision-making and examining key issues of budget openness,oversight,and allocation. It is a valuable resource for scholars,students,and instructors in comparative budgeting studies and public budgeting.

Format: Hardback
Length: 165 pages
Publication date: 26 October 2021
Publisher: Springer Verlag, Singapore

This comprehensive and scholarly work delves into the realm of Hong Kong Public Budgeting, encompassing the period from the pre-1997 British rule to the post-1997 Chinese rule. It stands out from existing comparative budgeting studies, which either focus solely on central government or emphasize symmetric local government, by presenting Hong Kong Public Budgeting as a unique case of territorial autonomy. The book offers a historical and comparative analysis of Hong Kong Public Budgeting, tracing the evolution of budgetary institutions and decision-making processes and examining the critical challenges of budget openness, oversight, and allocation.

This invaluable resource will be of immense interest to scholars and students engaged in comparative budgeting studies. It will also serve as an excellent textbook for public budgeting instructors and students in East Asia, particularly in Hong Kong. By exploring the intricacies of Hong Kong Public Budgeting, this book provides valuable insights into the broader dynamics of public finance and governance in the region.

The book is organized into five chapters, each dedicated to exploring different aspects of Hong Kong Public Budgeting. In the first chapter, the authors provide an overview of the historical background and political context of Hong Kong's budgetary development. They examine the impact of British colonial rule on the establishment of budgetary institutions and the subsequent transfer of sovereignty to China in 1997.

Chapter 2 delves into the theoretical framework of comparative budgeting studies and its application to the case of Hong Kong. The authors discuss the key concepts and principles of comparative budgeting, such as fiscal decentralization, intergovernmental relations, and budget transparency. They also explore the unique challenges and opportunities presented by Hong Kong's territorial autonomy in shaping its budgetary practices.

Chapter 3 offers a comprehensive analysis of Hong Kong Public Budgeting from the pre-1997 period. The authors examine the budgetary institutions and decision-making processes that existed under British rule and the changes that occurred after the handover. They explore the role of the Hong Kong government in managing public finances, the challenges faced by the government in balancing competing demands, and the strategies employed to achieve fiscal sustainability.

Chapter 4 provides a comparative analysis of Hong Kong Public Budgeting with other jurisdictions in East Asia. The authors examine the budgetary practices of countries such as Japan, South Korea, and Taiwan and discuss the similarities and differences in their budgetary systems. They analyze the factors that influence budgetary decision-making, the role of the executive branch in budget formulation, and the mechanisms employed to ensure budget transparency and accountability.

Chapter 5 concludes the book by examining the future challenges and opportunities for Hong Kong Public Budgeting. The authors discuss the potential impact of economic globalization, urbanization, and technological advancements on the government's fiscal capacity and the need for innovative budgeting strategies to address emerging social and economic issues. They also propose recommendations for improving the efficiency and effectiveness of Hong Kong Public Budgeting, including the development of a more comprehensive budget planning framework, the promotion of intergovernmental cooperation, and the enhancement of budget transparency and accountability.

In conclusion, this book offers a comprehensive and insightful examination of Hong Kong Public Budgeting, providing a valuable contribution to the field of comparative budgeting studies. By presenting Hong Kong as a distinctive case of territorial autonomy, the authors shed light on the complex dynamics of public finance and governance in the region. The book is an essential resource for scholars, students, policymakers, and practitioners interested in understanding the challenges and opportunities of public budgeting in East Asia and beyond.

Weight: 396g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811653629
Edition number: 1st ed. 2022