Government Spending in Hong Kong increased to 87299 HKD Million in the third quarter of 2021 from 82989 HKD Million in the second quarter of 2021. source: Census and Statistics Department, Hong Kong

Government Spending in Hong Kong averaged 41468.24 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 8315 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 December of 2021.

Government Spending in Hong Kong is expected to be 86148.00 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

Related Last Previous Unit Reference
Government Budget Value -85764.00 -47720.00 HKD Million Sep/21
Government Spending 87299.00 82989.00 HKD Million Sep/21
Government Revenues 67232.00 77187.00 HKD Million Sep/21
Fiscal Expenditure 152996.00 124907.00 HKD Million Sep/21
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.