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Asia Sentinel
Hong Kong’s Hugely Wasteful Fiscal System

Hong Kong’s Hugely Wasteful Fiscal System

Our Correspondent
Jan 31, 2014
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Asia Sentinel
Asia Sentinel
Hong Kong’s Hugely Wasteful Fiscal System
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Crying wolf over Hong Kong’s fiscal future has been a regular feature of the government in recent years but over the past few weeks almost daily wolf cries have been heard as the bureaucracy attempts to sustain its control of a hugely wasteful system of spending and reserve accumulation in the face of public demands for measures to reduce poverty.

Despit…

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