How would the budget surplus be affected if Hong Kongs central bank decreased interest rates? In 2017,

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How would the budget surplus be affected if Hong Kong’s central bank decreased interest rates?

In 2017, Hong Kong’s government debt was 43.9 percent of its nominal GDP. In the same year, it witnessed a budget surplus of HK$138 billion. In March 2018, Paul Chan, Hong Kong’s financial secretary, promised to return 40 percent of the surplus to the community but stressed the importance of saving for the future.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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