Hong Kong Government Spending2022 Data - 2023 Forecast - 1973-2021 Historical

Name: Hong Kong Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Hong Kong,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Hong Kong increased to 100575 HKD Million in the first quarter of 2022 from 86095 HKD Million in the fourth quarter of 2021. source: Census and Statistics Department, Hong Kong

Government Spending in Hong Kong averaged 41995.63 HKD Million from 1973 until 2022, reaching an all time high of 100575 HKD Million in the first quarter of 2022 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 June of 2022.

Government Spending in Hong Kong is expected to be 85064.00 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 91158.00 HKD Million in 2023 and 93254.00 HKD Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Budget Value	2033.00	62673.00	HKD Million	Mar 2022
Government Spending	100575.00	86095.00	HKD Million	Mar 2022
Government Revenues	181052.00	202772.00	HKD Million	Mar 2022
Fiscal Expenditure	179019.00	140099.00	HKD Million	Mar 2022

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.