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This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
OECD for 2021 shows general government spending at 44.9% of GDP, or $31,538 per capita. [5] BEA's percentage is smaller because it just includes government spending. OECD's total is larger because it also includes fees, e.g. tuition payments at public colleges. [6]
Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2] This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
Government spending can be a useful economic policy tool for governments. Fiscal policy can be defined as the use of government spending and/or taxation as a mechanism to influence an economy. [13] [14] There are two types of fiscal policy: expansionary fiscal policy, and contractionary fiscal policy. Expansionary fiscal policy is an increase ...
The aim of the commission is to cut government spending. The US spent $6.75 trillion in fiscal year 2024, with Social Security and health topping the list. President-elect Donald Trump has ...
This is currently over half of U.S. government spending, the remainder coming from state and local governments. During FY2022, the federal government spent $6.3 trillion. Spending as % of GDP is 25.1%, almost 2 percentage points greater than the average over the past 50 years.
While journalists and nonprofits have been writing about examples of government waste during that time, very little of it actually got much attention DOGE: Examples of federal spending that could ...
Discretionary spending on the other hand is projected to fall further, to 5 percent of GDP. BY FY2022, discretionary spending's share of the economy is projected to be equal to or less than spending on Social Security and Major Health Programs. Under the long term, projections suggest that if current policies remain unchanged, the US could face ...