Hong Kong, China’s tax system and prudent approach to fiscal policy are two pillars of its success. Despite this, aging and climate change will require tax reforms to ensure fiscal sustainability and competitiveness.
Michael Timbang is an Economic Analyst at the Macroeconomics Research Division. He provides research and technical support for the Asian Development Outlook (ADO), ADB’s flagship publication, and conducts macroeconomic surveillance, monitoring, and forecasting. He has written and co-authored several research papers and policy briefs for the department, and now leads the preparation and update of the Macroeconomic Modeling and Forecasting Tool for the ADO country teams in resident missions. His research interests include macroeconomics, poverty analysis, growth, and development. He received his MA in Economics degree from the UP School of Economics, Philippines.
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