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A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
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.
However, federal spending increased relative to state and local spending as a result of World War I and World War II, and by the 1930s, state and local government spending accounted for less than one half of government spending. By 2019, federal spending was more than 20% of GDP, while state and local spending hovered around 17% of GDP.
However, many people use their money to impress others, an idea that has caught the attention of many internet finance experts.... 4 Best Ways To Spend Money for a Great Quality of Life, According ...
Here are a few items that millionaires will spend the money on without reservation. Caballero will always spend top dollar on good bedding. “A good night’s sleep is invaluable,” said Caballero.
Shopping can be a costly endeavor -- but it doesn't have to be. In fact, you can easily save and make money when shopping for yourself or someone close to you. Check Out: 18 Legitimate Games &...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
It’s hard to imagine just what you can buy with all that money. But imagine if you had $115.6 billion like Bill Gates . You too would probably think a box of frozen pizza rolls cost $22 , and ...