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Global map of total central government revenues, as share of GDP, 2022 [1] Global map of total central government expenditures, as share of GDP, 2022 [2] This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
The government budget balance, also referred to as the general government balance, [1] public budget balance, or public fiscal balance, is the difference between government revenues and spending. For a government that uses accrual accounting (rather than cash accounting ) the budget balance is calculated using only spending on current ...
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. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
This is a list of sovereign states in Europe by their consolidated fiscal balance as a percentage of Gross domestic product, ... fiscal balance (% of GDP) [1] [2] [3 ...
The CBO projected in 2010 that an increase in payroll taxes ranging from 1.6–2.1% of the payroll tax base, equivalent to 0.6%-0.8% of GDP, would be necessary to put the Social Security program in fiscal balance for the next 75 years. [39]
The UN World Bank cites the IMF as the source for their data on Current Account Balance, and so is not included separately on this page. The second list includes only countries for which the CIA World Factbook lists 2015 estimates for both Current Account Balance and GDP.
The Social Security Administration projects that an increase in payroll taxes equivalent to 1.8% of the payroll tax base or 0.6% of GDP would be necessary to put the Social Security program in fiscal balance for the next 75 years. Over an infinite time horizon, these shortfalls average 3.3% of the payroll tax base and 1.2% of GDP. [42]
[24] [25] This high degree of fiscal balancing is a result of most states in the U.S. having balanced budget requirements. [26] A balanced budget requirement is a law that requires a government to balance its budget annually, such that government spending equals government revenue. [27]