PUA2014 Lecture 8

Which of the following is NOT a HK government's economic principle?

• Big Market, Small Government

• Intervening the market for income redistribution

• Fiscal prudence by keeping expenditure within the limits of revenue

• Raising the quality of life and build a harmonious, family-based society

Which of the following is NOT a feature of Hong Kong budgetary tradition?

• Centralized control

• Executive-led

• Fairly open to public

• Incrementalism

Which of the following is NOT a feature of the Operation Expenditure Envelop?

• Less accountabiity

• Less micro-management by Center

• Added flexibility

• Direct resources to address pressure points

The HK government's effort to allow the recurrent expenditures placed under a single category subhead to increase flexibility in spending and fund transfer is known as

• Incrementalism

• One-line vote

• Efficiency dividend

• Contracting out

Which of the following poses a challenge to HK government's budgetary system?

• Narrow tax base

• Information overflow

• Intervention of Chinese central authority on the budgetary system

• Open public participation process