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: Paperback / softback
Length: 165 pages
Publication date: 27 October 2022
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 crucial challenges of budget openness, oversight, and allocation. This invaluable resource will be of immense interest to scholars and students engaged in comparative budgeting studies. Moreover, it serves as an excellent text for public budgeting instructors and students in East Asia, particularly Hong Kong.

The historical background of Hong Kong Public Budgeting is explored, shedding light on the transition from British rule to Chinese sovereignty and the impact of political changes on budgetary practices. The book examines the evolution of budgetary institutions, including the establishment of the Hong Kong Special Administrative Region's (HKSAR) Financial Secretary and the Hong Kong Treasury. It also explores the role of the Legislative Council and the Executive Council in the budgetary process, highlighting the interplay between the three branches of government.

The comparative analysis of Hong Kong Public Budgeting is conducted against other jurisdictions, such as the United Kingdom, Canada, and the United States. The book explores the similarities and differences in budgetary practices, including the use of revenue sources, expenditure categories, and budgeting techniques. It also examines the impact of globalization, economic development, and political factors on budgetary decision-making in different jurisdictions.

Budget openness, oversight, and allocation are critical issues in Hong Kong Public Budgeting. The book discusses the principles of budget transparency, accountability, and efficiency and examines the challenges faced by Hong Kong in achieving these goals. It explores the role of the Audit Commission, the Financial Secretary's Office, and the Legislative Council in monitoring and evaluating the budget. It also examines the issues of budget allocation, including the distribution of resources across different sectors and the prioritization of public services.

The book concludes by offering recommendations for improving Hong Kong Public Budgeting. It suggests that the government should enhance budget transparency, strengthen budget oversight mechanisms, and promote greater public participation in the budgetary process. It also calls for the development of a more comprehensive and integrated budget framework that takes into account the unique needs and challenges of Hong Kong.

In summary, 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 a historical and comparative analysis of budgetary institutions and decision-making processes, examining the critical issues of budget openness, oversight, and allocation. The book will be of immense interest to scholars and students of comparative budgeting studies, as well as public budgeting instructors and students in East Asia, particularly Hong Kong.

Weight: 248g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811653650
Edition number: 1st ed. 2022