Hong Kong recorded a government budget deficit of 99181 HKD Million in the second quarter of 2020.

Government Budget Value in Hong Kong averaged 4081.80 HKD Million from 1976 until 2020, reaching an all time high of 115653 HKD Million in the fourth quarter of 2018 and a record low of -99181 HKD Million in the second quarter of 2020. 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 October of 2020. source: Census and Statistics Department, Hong Kong

Government Budget Value in Hong Kong is expected to be -54000.00 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
-99181.00 112699.00 115653.00 -99181.00 1976 - 2020 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 -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 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.