Which of the following descriptions of the public finances of the HKSAR is correct?
(1)It shall follow the principle of keeping the expenditure within the limits of revenues in drawing up its budget, and strive to achieve a fiscal balance, avoid deficits.
(2)It shall hand over its financial revenues to the Central People’s Government.
(3)It shall, taking the low tax policy previously pursued in Hong Kong as reference, enact laws on its own concerning types of taxes, tax rates, tax reductions, allowances and exemptions, and other matters of taxation.
(4)It shall provide an appropriate economic and legal environment for the maintenance of the status of Hong Kong as an international financial centre.