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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.
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
For most other countries the total budget is shown. Although Germany is a federation, the statistics for Germany represent total general government spending. [3] Similar to Germany, Russia has a federative structure and a three layer budget system, here the total government spending is shown. [4]
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
[76] Delegations from 35 countries and six international organisations participated. [77] Attendance included 22 heads of state or government and UN Secretary-General. [78] Discussions on membership and a new payments system aside, there were over 200 side meetings spread out through 2024. [78] 17th: TBD 2025 Brazil: Luiz Inácio Lula da Silva ...
This is a list of countries by nominal GDP per capita. ... European Union [n 1] 43,350: 2024: ... This page was last edited on 8 January 2025, ...
List of sovereign states in Europe by GDP (PPP) List of U.S. states and territories by GDP; List of metropolitan areas in the European Union by GDP; List of European countries by budget revenues; List of European countries by budget revenues per capita; List of countries in Europe by military expenditures; Economy of Europe; World economy