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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Finance and Defence Minister Arun Jaitley attends a meeting with the finance ministers of Indian states on the Goods and Services Tax (GST) issues in New Delhi.

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.

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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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Al-Masjid al-Nabawi, it is the Masjid of Mohammed the prophet of Islam.

Saudi Arabia

Rank: 20

Revenues: $221,100 million (Rs 13,20,851.4 crore)

Expenditures: $218,700 million (Rs 13,06,513.8 crore)

Deficit/Surplus: +$2,400 million (Rs 14,337.6 crore)

Deficit/Surplus (%): NA

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

The King's House is seen in this general view of the Brussels' Grand Place.

Belgium

Rank: 19

Revenues: $249,600 million (Rs 14,91,110.4 crore)

Expenditures: $271,200 million (Rs 16,20,148.8 crore )

Deficit/Surplus: -$21,600 million (Rs 129,038.4)

Deficit/Surplus (%): NA

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Mexico

Rank: 18

Revenues: $263,200 million (Rs 15,72,356.8 crore)

Expenditures: $292,200 million (Rs 17,45,602.8 crore)

Deficit/Surplus: -$29,000 million (Rs 173,246 crore)

Deficit/Surplus (%): NA

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

South Korea

Rank: 17

Revenues: $267,900 million (Rs 16,00,434.6 crore)

Expenditures: $242,000 million (Rs 14,45,708 crore)

Deficit/Surplus: +$25,900 million (Rs 154,726.6 crore)

Deficit/Surplus (%): NA

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Turning Torso and Vastra Hamnen by night.

Sweden

Rank: 16

Revenues: $277,600 million (Rs 16,58,382.4 crore)

Expenditures: $277,100 million (Rs 16,55,395.4 crore)

Deficit/Surplus: +$0,500 million (Rs 2,987 crore)

Deficit/Surplus (%): NA

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Norway

Rank: 15

Revenues: $280,500 million (Rs 16,75,707 crore)

Expenditures: $209,500 million (Rs 12,51,553 crore)

Deficit/Surplus: +$71,000 million (Rs 424,154 crore)

Deficit/Surplus: 25.3 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

India

Rank: 14

Revenues: $210,000 million (Rs 12,54,540 crore)

Expenditures: $302,000 million (Rs 18,04,148 crore)

Deficit/Surplus: -$92,000 million (Rs 549,608 crore)

Deficit/Surplus: -30.5 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

The Distilleerketel, a windmill built in 1727 and used to grind rye, can be seen at Delfshaven, an area of Rotterdam.

Netherlands

Rank: 13

Revenues: $381,300 million (Rs 22,77,886.2 crore)

Expenditures: $420,400 million (Rs 25,11,469.6 crore)

Deficit/Surplus: -$39,100 million (Rs 233,583.4 crore)

Deficit/Surplus (%): NA

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Russia

Rank: 12

Revenues: $382,800 million (Rs 22,86,847.2 crore)

Expenditures: $376,200 million (Rs 22,47,418.8 crore)

Deficit/Surplus: +$6,600 million (Rs 39,428.4 crore)

Deficit/Surplus: 1.75 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

A tall ship sails past the Sydney Opera House as it enters Sydney Harbour.

Australia

Rank: 11

Revenues: $498,100 million (Rs 29,75,649.4 crore)

Expenditures: $541,000 million (Rs 32,31,934 crore)

Deficit/Surplus: -$42,900 million (Rs 256,284.6 crore)

Deficit/Surplus: -8.61 per cent

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20 economies that have the biggest budget revenues

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Spanish matador Julian Lopez El Juli performs a pass to a bull during a bullfight at The Maestranza bullring in the Andalusian capital of Seville, southern Spain.

Spain

Rank: 10

Revenues: $545,200 million (Rs 32,57,024.8 crore)

Expenditures: $672,100 million (Rs 40,15,125.4 crore)

Deficit/Surplus: -$126,900 million (Rs 758,100.6 crore)

Deficit/Surplus: -18.88 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Canada

Rank: 9

Revenues: $660,200 million (Rs 39,44,034.8 crore)

Expenditures: $747,800 million (Rs 44,67,357.2 crore)

Deficit/Surplus: -$87,600 million (Rs 523,322.4 crore)

Deficit/Surplus: -11.71 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Brazil

Rank: 8

Revenues: $978,300 million (Rs 58,44,364.2 crore)

Expenditures: $901,000 million (Rs 53,82,574 crore)

Deficit/Surplus: +$77,300 million (Rs 461,790.2 crore)

Deficit/Surplus: 8.6 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

United Kingdom

Rank: 7

Revenues: $986,500 million (Rs 58,93,351 crore)

Expenditures: $1,188,000 million (Rs 70,97,112 crore)

Deficit/Surplus: -$201,500 million (Rs 12,03,761 crore)

Deficit/Surplus: -16.96 per cent

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20 economies that have the biggest budget revenues

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Italy

Rank: 6

Revenues: $1,025,100 million (Rs 61,23,947.4 crore)

Expenditures: $1,112,000 million (Rs 66,43,088 crore)

Deficit/Surplus: -$86,900 million (Rs 519,140.6 crore)

Deficit/Surplus: -7.81 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

A man jumps in a fountain of the Trocadero Square in front of the Eiffel Tower, Paris.

France

Rank: 5

Revenues: $1,386,000 million (Rs 82,79,964 crore)

Expenditures: $1,535,000 million (Rs 91,70,090 crore)

Deficit/Surplus: -$149,000 million (Rs 890,126 crore)

Deficit/Surplus: -9.71 per cent

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20 economies that have the biggest budget revenues

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Revellers toast after getting the first beer in the traditional one-litre Masskrug beer mugs at the opening day of the Munich Oktoberfest at the Theresienwiese in Munich.

Germany

Rank: 4

Revenues: $1,551,000 million (Rs 92,65,674 crore)

Expenditures: $1,588,000 million (Rs 94,86,712 crore)

Deficit/Surplus: -$37,000 million (Rs 221,038 crore)

Deficit/Surplus: -2.33 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

China

Rank: 3

Revenues: $1,646,000 million (Rs 98,33,204 crore)

Expenditures: $1,729,000 million (Rs 103,29,046 crore)

Deficit/Surplus: -$83,000 million (Rs 495,842 crore)

Deficit/Surplus: -4.8 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

Japan

Rank: 2

Revenues: $1,971,000 million (Rs 117,74,754 crore)

Expenditures: $2,495,000 million (Rs 149,05,130 crore)

Deficit/Surplus: -$524,000 million (Rs 31,30,376 crore)

Deficit/Surplus: -21 per cent

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20 economies that have the biggest budget revenues

Last updated on: July 10, 2014 09:37 IST

The Statue of Liberty and Liberty Island are seen in front of the Lower Manhattan skyline.

United States

Rank: 1

Revenues: $2,902,000 million (Rs 173,36,548 crore)

Expenditures: $3,803,000 million (Rs 227,19,122 crore)

Deficit/Surplus: -$901,000 million (Rs 53,82,574 crore)

Deficit/Surplus: -31 per cent

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