The Hong Kong government announced several fiscal stimulus to support the recession-hit economy, which was hurt last year by months of anti-government protests and recently by the coronavirus outbreak. Measures include a HKD 10000 cash payment to every permanent resident aged above 18; salary, profit and property tax cuts; cuts in examination fees for some students and in business registration fees. The total relief measures amount to around HKD 71 billion, and the government estimates the budget deficit for 2020/2021 to reach a record high of HKD 139 billion, equivalent to around 4.8% of GDP. In 2019/2020, Hong Kong recorded a 1.3% budget deficit, the first gap since the wake of SARS.

Government Budget Value in Hong Kong averaged 4051.38 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. This page provides - Hong Kong Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Government Budget Value - values, historical data and charts - was last updated on June of 2020. source: Census and Statistics Department, Hong Kong

Government Budget Value in Hong Kong is expected to be -95000.00 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 -40000.00 in 12 months time. In the long-term, the Hong Kong Government Budget Value is projected to trend around 48647.98 HKD Million in 2021, according to our econometric models.

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Hong Kong Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-14909.00 -92344.00 115653.00 -92344.00 1976 - 2019 HKD Million Quarterly
Current Prices, 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 -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 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.