Hong Kong recorded a Government Budget deficit equal to 1.30 percent of the country's Gross Domestic Product in 2019. source: GovHK

Government Budget in Hong Kong averaged 1.41 percent of GDP from 1999 until 2019, reaching an all time high of 7.30 percent of GDP in 2007 and a record low of -4.80 percent of GDP in 2001. This page provides - Hong Kong Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hong Kong Government Budget - values, historical data and charts - was last updated on December of 2020.

Government Budget in Hong Kong is expected to reach -12.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Government Budget is projected to trend around -5.00 percent of GDP in 2021 and 1.00 percent of GDP in 2022, according to our econometric models.

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Hong Kong Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 2.10 7.30 -4.80 1999 - 2019 percent of GDP Yearly

Hong Kong Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.40 37.00 38.40 13.70 percent [+]
Government Budget -1.30 2.10 7.30 -4.80 percent of GDP [+]
Government Budget Value -166250.00 -99181.00 115653.00 -166250.00 HKD Million [+]
Government Spending 79257.00 76948.00 82908.00 7944.00 HKD Million [+]
Government Revenues 64198.00 59512.00 279400.00 1258.00 HKD Million [+]
Fiscal Expenditure 230448.00 158693.00 230448.00 1407.00 HKD Million [+]
Credit Rating 90.00 [+]


Hong Kong Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.