Government expenditureGovernment expenditure in different aspects
In HK, we can get the government expenditure by the 2016-2017 budget. The budget told us many details of Hong Kong,for example the government expenditure and the economic performance etc. The government expenditure tell us how much the government spend. It's related to the community because these spendings are related to the community much. These expenditure are estimated and recorded by the heads of the department in the government. The expenditures are basically how much the government spent on different apartments. Total government expenditure is estimated to reach $490 billion in the next financial year, 14 per cent more than that of last year. Public expenditure will be equivalent to 21.2 per cent of GDP. Operating expenditure for 2016-17 is estimated to be $380 billion, representing an increase of 11.1 per cent or $38 billion over the revised estimate for 2015-16. Recurrent expenditure, which accounts for over 90 per cent of operating expenditure, will reach $350 billion, reflecting an increase of 6.7 per cent or $22 billion over the revised estimate for 2015-16. The revised estimate for government revenue for 2015-16 is $457 billion, 4.2 per cent or $20 billion lower than the original estimate. It reflects mainly the provision of $45 billion for the Housing Reserve and changes in different incomes. As for government expenditure, I forecast a revised estimate of $427 billion, 3.1 per cent or $14 billion lower than the original estimate. This is mainly because the Finance Committee may not be able to complete as scheduled the deliberation on the proposed endowment of $10billion to HA for public-private partnership initiatives in 2015-16. |