Government Spending in Hong Kong decreased to 82854 HKD Million in the second quarter of 2021 from 93070 HKD Million in the first quarter of 2021. source: Census and Statistics Department, Hong Kong

Government Spending in Hong Kong averaged 39454.04 HKD Million from 1973 until 2021, reaching an all time high of 93070 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 October of 2021.

Government Spending in Hong Kong is expected to be 82931.00 HKD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Government Spending is projected to trend around 89163.00 HKD Million in 2022 and 91214.00 HKD Million in 2023, according to our econometric models.

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Hong Kong Government Spending


Hong Kong Last Unit Reference Previous Highest Lowest
Government Budget Value -47720.00 HKD Million Jun/21 84825.00 115653.00 -166250.00
Government Spending 82854.00 HKD Million Jun/21 93070.00 93070.00 7944.00
Government Revenues 77187.00 HKD Million Jun/21 248715.00 279400.00 1258.00
Fiscal Expenditure 124907.00 HKD Million Jun/21 163890.00 230448.00 1407.00


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.