Hong Kong recorded a government budget deficit of 92344 HKD Million in the third quarter of 2019. Government Budget Value in Hong Kong averaged 4159.73 HKD Million from 1976 until 2019, reaching an all time high of 115653 HKD Million in the fourth quarter of 2018 and a record low of -92344 HKD Million in the third quarter of 2019. source: Census and Statistics Department, Hong Kong

Government Budget Value in Hong Kong is expected to be 59592.34 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Hong Kong to stand at 59592.34 in 12 months time. In the long-term, the Hong Kong Government Budget Value is projected to trend around 48647.98 HKD Million in 2020, according to our econometric models.

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Hong Kong Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-92344.00 -42722.00 115653.00 -92344.00 1976 - 2019 HKD Million Quarterly
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Hong Kong Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.

Hong Kong Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.40 37.00 38.40 13.70 percent [+]
Government Budget 2.10 5.50 7.30 -4.80 percent of GDP [+]
Government Budget Value -92344.00 -42722.00 115653.00 -92344.00 HKD Million [+]
Government Spending 71746.00 67851.00 73969.00 7694.00 HKD Million [+]
Government Revenues 47575.00 67340.00 221345.00 1258.00 HKD Million [+]
Fiscal Expenditure 139919.00 110062.00 139919.00 1407.00 HKD Million [+]
Credit Rating 91.00 [+]