Government Spending in Hong Kong increased to 92971 HKD Million in the first quarter of 2021 from 79518 HKD Million in the fourth quarter of 2020. source: Census and Statistics Department, Hong Kong

Government Spending in Hong Kong averaged 39209.39 HKD Million from 1973 until 2021, reaching an all time high of 92971 HKD Million in the first quarter of 2021 and a record low of 7944 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 June of 2021.

Government Spending in Hong Kong is expected to be 79028.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Hong Kong to stand at 81904.00 in 12 months time. In the long-term, the Hong Kong Government Spending is projected to trend around 85182.00 HKD Million in 2022 and 87141.00 HKD Million in 2023, according to our econometric models.

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Hong Kong Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
92971.00 79518.00 92971.00 7944.00 1973 - 2021 HKD Million Quarterly
Constant Prices 2018, NSA

Hong Kong Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.40 37.00 38.40 13.70 percent of GDP [+]
Government Budget -12.00 -1.30 7.30 -12.00 percent of GDP [+]
Government Budget Value 2708.00 -166250.00 115653.00 -166250.00 HKD Million [+]
Government Spending 92971.00 79518.00 92971.00 7944.00 HKD Million [+]
Government Revenues 174709.00 64198.00 279400.00 1258.00 HKD Million [+]
Fiscal Expenditure 172001.00 230448.00 230448.00 1407.00 HKD Million [+]
Credit Rating 90.00 [+]

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.