Countries With Highest Budget Revenues
6. Sweden
Revenues (million $): 277,600
Expenditures (million $): 277,100
Sweden is a country that has achieved a high standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. Sweden has developed export-oriented diverse economy aided by timber, hydropower, and iron ore. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron, and steel. The engineering sector of this nation accounts for more than 50 percent of exports. Industries like services and manufacturing leads the Swedish economy.
7. India
Revenues (million $): 196,400
Expenditures (million $): 308,800
India is considered as one of the fastest growing economies in the world. Being named as a newly industrialized country, it is one of the G-20 (The Group of Twenty Finance Ministers and Central Bank Governors) major economies and a member of BRICS (BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa). Major sectors that come under the Indian economy are textiles, telecommunications, chemicals, pharmaceuticals, transport, machinery and mining.
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