James McCormack Quotes on Government (3 Quotes)

This will allow the government debtGDP ratio to continue its downward trajectory, alleviating pressure on sovereign credit worthiness as debt ratios gradually compare more favorably with rating peer group medians.

I don't think we will change our rating on Hong Kong in the foreseeable future because we have not seen any commitment from the government to introduce a goods services tax that will address volatility in its public finance and revenue sources.

The delayed e-VAT detracted from the overall credibility of the fiscal reform program, and we will wait until the e-VAT is implemented fully, including the rate increase from 10 percent to 12 percent scheduled for January 2006, before considering its positive effects on government revenues.