Countries With Highest Budget Revenues
2. Mexico
Revenues (million $): 263,200
Expenditures (million $): 292,200
World Bank has rated Mexico as the 14th largest economy in the world. It is a newly industrialized country. Even after being hit badly by recession in 2008, Mexico managed to remain economically stable. The country is known for producing some of the most complex components which are mostly useful in research and development activities. Current administrations that have been extended in competition are ports, railroads, telecommunications, electricity generation, natural gas distribution and airports with the aim of upgrading infrastructure.
3. Saudi Arabia
Revenues (million $): 221,100
Expenditures (million $): 218,700
Saudi Arabia is a nation headed by strong government that controls the economic activities with a large concentration of oil reserves. It possesses almost 18 percent of the world's proven petroleum reserves, considered as the largest exporter of petroleum, and also plays a leading role in OPEC (Organization of the Petroleum Exporting Countries). Oil accounts to more than 70 percent of government reserves and 95 percent of exports. The oil sector has helped the country to grow its economy at a rapid pace.
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