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Though India is one of the fastest growing economies, how big is the country’s budget compared to other countries in the world?
India ranks 14 ahead of oil economies such as Saudi Arabia and Iraq. Developed countries, however, are way ahead of the nation.
Let’s look at the top 20 countries in the world by budget revenues.
Sources: CIA World Factbook/Wikipedia
Note: Most of the figures are estimated
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Saudi Arabia
Rank: 20
Revenues (million/$): 221,100
Expenditures (million/$): 218,700
Deficit/Surplus (million/$): +2,400
Deficit/Surplus (%): NA
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Belgium
Rank: 19
Revenues (million/$): 249,600
Expenditures (million/$): 271,200
Deficit/Surplus (million/$): -21,600
Deficit/Surplus (%): NA
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Mexico
Rank: 18
Revenues (million/$): 263,200
Expenditures (million/$): 292,200
Deficit/Surplus (million/$): -29,000
Deficit/Surplus (%): NA
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South Korea
Rank: 17
Revenues (million/$): 267,900
Expenditures (million/$): 242,000
Deficit/Surplus (million/$): +25,900
Deficit/Surplus (%): NA
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Sweden
Rank: 16
Revenues (million/$): 277,600
Expenditures (million/$): 277,100
Deficit/Surplus (million/$): +0,500
Deficit/Surplus (%): NA
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Norway
Rank: 15
Revenues (million/$): 280,500
Expenditures (million/$): 209,500
Deficit/Surplus (million/$): +71,000
Deficit/Surplus (%): 25.3
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India
Rank: 14
Revenues (million/$): 210,000
Expenditures (million/$): 302,000
Deficit/Surplus (million/$): -92,000
Deficit/Surplus (%): -30.5
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Netherlands
Rank: 13
Revenues (million/$): 381,300
Expenditures (million/$): 420,400
Deficit/Surplus (million/$): -39,100
Deficit/Surplus (%): NA
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Russia
Rank: 12
Revenues (million/$): 382,800
Expenditures (million/$): 376,200
Deficit/Surplus (million/$): +6,600
Deficit/Surplus (%): 1.75
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Australia
Rank: 11
Revenues (million/$): 498,100
Expenditures (million/$): 541,000
Deficit/Surplus (million/$): -42,900
Deficit/Surplus (%): -8.61
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Spain
Rank: 10
Revenues (million/$): 545,200
Expenditures (million/$): 672,100
Deficit/Surplus (million/$): -126,900
Deficit/Surplus (%): -18.88
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Canada
Rank: 9
Revenues (million/$): 660,200
Expenditures (million/$): 747,800
Deficit/Surplus (million/$): -87,600
Deficit/Surplus (%): -11.71
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Brazil
Rank: 8
Revenues (million/$): 978,300
Expenditures (million/$): 901,000
Deficit/Surplus (million/$): +77,300
Deficit/Surplus (%): 8.6
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United Kingdom
Rank: 7
Revenues (million/$): 986,500
Expenditures (million/$): 1,188,000
Deficit/Surplus (million/$): -201,500
Deficit/Surplus (%): -16.96
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Italy
Rank: 6
Revenues (million/$): 1,025,100
Expenditures (million/$): 1,112,000
Deficit/Surplus (million/$): -86,900
Deficit/Surplus (%): -7.81
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France
Rank: 5
Revenues (million/$): 1,386,000
Expenditures (million/$): 1,535,000
Deficit/Surplus (million/$): -149,000
Deficit/Surplus (%): -9.71
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Germany
Rank: 4
Revenues (million/$): 1,551,000
Expenditures (million/$): 1,588,000
Deficit/Surplus (million/$): -37,000
Deficit/Surplus (%): -2.33
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China
Rank: 3
Revenues (million/$): 1,646,000
Expenditures (million/$): 1,729,000
Deficit/Surplus (million/$): -83,000
Deficit/Surplus (%): -4.8
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Japan
Rank: 2
Revenues (million/$): 1,971,000
Expenditures (million/$): 2,495,000
Deficit/Surplus (million/$): -524,000
Deficit/Surplus (%): -21
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United States
Rank: 1
Revenues (million/$): 2,902,000
Expenditures (million/$): 3,803,000
Deficit/Surplus (million/$): -901,000
Deficit/Surplus (%): -31