Name: Hong Kong Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Hong Kong,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Government Spending in Hong Kong decreased to 93994 HKD Million in the third quarter of 2022 from 95509 HKD Million in the second quarter of 2022. source: Census and Statistics Department, Hong Kong

Government Spending in Hong Kong averaged 42525.84 HKD Million from 1973 until 2022, reaching an all time high of 100575.00 HKD Million in the first quarter of 2022 and a record low of 8315.00 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 February of 2023.

Government Spending in Hong Kong is expected to be 103793.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Related	Last	Previous	Unit	Reference
Government Budget Value	-133740.00	-113784.00	HKD Million	Sep 2022
Government Spending	93994.00	95509.00	HKD Million	Sep 2022
Government Revenues	51664.00	59605.00	HKD Million	Sep 2022
Fiscal Expenditure	185404.00	173389.00	HKD Million	Sep 2022

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.