Hong Kong recorded a Government Budget deficit equal to 1.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in Hong Kong averaged 1.41 percent of GDP from 1999 until 2019, reaching an all time high of 7.30 percent of GDP in 2007 and a record low of -4.80 percent of GDP in 2001. This page provides - Hong Kong Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Government Budget - values, historical data and charts - was last updated on May of 2020. source: GovHK

Government Budget in Hong Kong is expected to reach -5.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Government Budget is projected to trend around 1.30 percent of GDP in 2021 and 1.20 percent of GDP in 2022, according to our econometric models.

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Hong Kong Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 2.10 7.30 -4.80 1999 - 2019 percent of GDP Yearly

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 -14909.00 -92344.00 115653.00 -92344.00 HKD Million [+]
Government Spending 82579.00 75319.00 82579.00 7944.00 HKD Million [+]
Government Revenues 97023.00 47575.00 221345.00 1258.00 HKD Million [+]
Fiscal Expenditure 111932.00 139919.00 139919.00 1407.00 HKD Million [+]
Credit Rating 90.00 [+]


Hong Kong Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.