Government Spending in Hong Kong decreased to 76948 HKD Million in the second quarter of 2020 from 82908 HKD Million in the first quarter of 2020.

Government Spending in Hong Kong averaged 38503.37 HKD Million from 1973 until 2020, reaching an all time high of 82908 HKD Million in the first quarter of 2020 and a record low of 7944 HKD Million in the second quarter of 1973. This page provides - Hong Kong Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Government Spending - values, historical data and charts - was last updated on October of 2020. source: Census and Statistics Department, Hong Kong

Government Spending in Hong Kong is expected to be 74512.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Hong Kong to stand at 84891.00 in 12 months time. In the long-term, the Hong Kong Government Spending is projected to trend around 78360.00 HKD Million in 2021 and 80554.00 HKD Million in 2022, according to our econometric models.

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Hong Kong Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
76948.00 82908.00 82908.00 7944.00 1973 - 2020 HKD Million Quarterly
Constant Prices 2016, NSA

Hong Kong Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.40 37.00 38.40 13.70 percent [+]
Government Budget -1.30 2.10 7.30 -4.80 percent of GDP [+]
Government Budget Value -99181.00 112699.00 115653.00 -99181.00 HKD Million [+]
Government Spending 76948.00 82908.00 82908.00 7944.00 HKD Million [+]
Government Revenues 59512.00 279400.00 279400.00 1258.00 HKD Million [+]
Fiscal Expenditure 158693.00 166701.00 166701.00 1407.00 HKD Million [+]
Credit Rating 90.00 [+]

Hong Kong Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.