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 July 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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Hong Kong Government Spending

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.
Actual Previous Highest Lowest Dates Unit Frequency
100575.00 86095.00 100575.00 8315.00 1973 - 2022 HKD Million Quarterly
Constant Prices 2019, NSA