🌐 Entity
Government budget balance
Difference between revenues and spending
📊 Rating
2 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Economic Growth (2)
- Fiscal Policy (2)
- Budget Deficit (1)
- Regional Economy (1)
🏷️ Keywords
Hong Kong economy (2) · Fiscal deficit (2) · Budget speech (2) · Paul Chan (1) · Economic growth (1) · Financial Secretary (1) · Hong Kong finances (1) · GDP growth forecast (1) · Financial Secretary Paul Chan (1) · 2026 economic outlook (1) · Fiscal health (1)
📖 Key Information
The government budget balance, also referred to as the general government balance, public budget balance, or public fiscal balance, is the difference between government revenues and spending. For a government that uses accrual accounting (rather than cash accounting) the budget balance is calculated using only spending on current operations, with expenditure on new capital assets excluded. A positive balance is called a government budget surplus, and a negative balance is a government budget deficit.
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