Which country has highest budget?
United States
| Rank | Country | Expenditures |
|---|---|---|
| 1 | United States | 9,818,534 |
| 2 | China | 5,388,814 |
| 3 | Germany | 2,038,247 |
| 4 | Japan | 2,362,676 |
Which country has the highest budget deficit?
By GDP
| Rank | Country | Deficit (As % of GDP) |
|---|---|---|
| 1 | Timor-Leste | -75.7 |
| 2 | Kiribati | -64.1 |
| 3 | Venezuela | -46.1 |
| 4 | Libya | -25.1 |
What is the annual budget of China?
Comparison with other countries
| Country/Region | Official budget (2014) | IHS Inc. (2013) |
|---|---|---|
| China | $131 billion | $113.2 billion |
| Russia | $69.3 billion | $68.9 billion |
| United Kingdom | $56.9 billion | $58.9 billion |
| Japan | $47 billion | $56.8 billion |
What country spends the most on government?
Government spending as a percentage of gross domestic product (GDP) is a way to assess a country’s fiscal management. The World Bank provides a list of all countries and their government spending to GDP ratio. At the top of the list is Lesotho while at the bottom of the list is Chad, both African nations.
What is the total budget of India?
2020 Union budget of India
| Annual Financial Statement of the Central Government for the year 2020–21 The Finance Bill, 2020 | |
|---|---|
| Party | Bharatiya Janata Party |
| Finance minister | Nirmala Sitharaman |
| Total revenue | ₹30.83 trillion (US$400 billion) (8.5%) |
| Total expenditures | ₹35.09 trillion (US$460 billion) (28.4%) |
Who is known as father of Indian budget?
The first budget of India was submitted on 18 February 1860 by James Wilson. P C Mahalanobis is known as the father of Indian budget.
What country has no debt?
In 2020, Russia’s estimated level of national debt reached about 19.28 percent of the GDP, ranking 14th of the countries with the lowest national debt.
The 20 countries with the lowest national debt in 2020 in relation to gross domestic product (GDP)
| Characteristic | National debt in relation to GDP |
|---|---|
| Tuvalu | 7.29% |
How much is Russian budget?
In 2016, the Russian budget deficit reached $21Bln. It was expected to rise to $21.7 billion in the year. 2016 budget revenues were estimated to be 13.7 trillion rubles (200 billion US dollars) or 17.5% of GDP, while spending is planned to be 16 trillion rubles (roughly 233 billion dollars) or 20.5% of GDP.
Is China a superpower?
Some consensus has concluded that China has reached the qualifications of superpower status, citing China’s growing political clout and leadership in the economic sectors has given the country renewed standings in the International Community.
What is the budget of India in 2020?
Expenditure: The government proposes to spend Rs 30,42,230 crore in 2020-21, which is 12.7% higher than the revised estimate of 2019-20. Receipts: The receipts (other than net borrowings) are expected to increase by 16.3% to Rs 22,45,893 crore, owing to higher estimated revenue from disinvestments.
Which state has the highest budget?
Among the states, Alaska had the highest per capita state and local spending in 2019 at $17,596, followed by New York ($15,667) and Wyoming ($15,107).
Who is the economic minister of India?
Nirmala Sitharaman
The current Finance Minister of India is Nirmala Sitharaman.
What is the current government budget?
The federal budget for the 2020 fiscal year was set at $4.79 trillion.
Where does US spend its money?
More than half of FY 2019 discretionary spending went for national defense, and most of the rest went for domestic programs, including transportation, education and training, veterans’ benefits, income security, and health care (figure 4).
What is the US budget for 2022?
The FY 2022 budget proposes $131.8billion in discretionary budget authority and $1.5 trillion in mandatory funding.
How much money does China have?
China’s GDP was US$17.7 trillion (114.4 trillion yuan) in 2021, up 8.1% from the previous year in yuan terms, overtaking the European Union. According to the IMF, on a per capita income basis, China ranked 59th by GDP (nominal) and 73rd by GDP (PPP) in 2020.
Who owns TikTok?
ByteDance
ByteDance, the Chinese internet company that owns TikTok, eliminated a global team in its human resources department in December. During a town hall meeting that lasted around five minutes, members of the company’s Talent Development team learned that their roles would no longer exist, said one former HR employee.
Who owes America?
The largest holder of U.S. debt is the United States government. The top two foreign holders of U.S. debt are Japan and China. Whether you’re an American retiree or a Chinese bank, American debt is considered a sound investment. The Chinese yuan, like the currencies of many nations, is tied to the U.S. dollar.
Who has the highest GDP?
GDP by Country
| # | Country | GDP (abbrev.) |
|---|---|---|
| 1 | United States | $19.485 trillion |
| 2 | China | $12.238 trillion |
| 3 | Japan | $4.872 trillion |
| 4 | Germany | $3.693 trillion |
How rich is India in the world?
National net wealth, also known as national net worth, is the total sum of the value of a country’s assets minus its liabilities.
Total wealth by selected regions and countries.
| Country (or region) | Total wealth (USD bn) | Share |
|---|---|---|
| Asia-Pacific | 75,227 | 18.0% |
| China | 74,884 | 17.9% |
| India | 12,833 | 3.1% |
Is India a developed country?
India is an emerging and developing country (EDC) found in southern Asia. It is the world’s largest democracy , and one of the world’s fastest growing economies. In 2013 India was the seventh richest country in the world.
What is the rank of India in GDP 2021?
India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794).
Which is the richest state in India?
Maharashtra
Maharashtra is the richest state in India. The state capital Mumbai is also known as the economic capital of the country. The total GDP of Maharashtra is 27.96 lakh crore. It is the third highest urban population state in the country where 45 percent of the population lives in cities.
Which country is No 1 in world?
Canada
For the first time, Canada takes the top overall spot as the number one country in the world in the 2021 Best Countries Report. After ranking second in 2020, Canada has surpassed Switzerland in the 2021 report followed by Japan, Germany, Switzerland, and Australia.
What is India’s current economy?
Economy of India
| Statistics | |
|---|---|
| GDP | $3.25 trillion (nominal; 2022 est.) $11.35 trillion (PPP; 2022 est.) |
| GDP rank | 6th (nominal; 2021) 3rd (PPP; 2022) |
| GDP growth | –6.6% (2020) 5.4% (Q3 2021-22) 9.0% (2021e) (IMF) 9.0% (2022f) (IMF) |
| GDP per capita | $2,313 (nominal; 2022 est.) $8,079 (PPP; 2022 est.) |