Magazine : 
5 Countries That Spend Most On Their Citizens
France:
Being one of the wealthiest economies in the world from ages, France’s government is known for allotting maximum expenditure of 55.8 percent of GDP for the welfare of its masses. Out of which 32.07 percent of GDP went towards social protection.
It covers health care, work injuries, family allowances, unemployment insurance, old age pensions, invalidity and death benefits.
However, in recent years, the government is constantly under rigorous financial strain as the ageing population has lead to a huge increase in spending on health care, pensions and unemployment benefits.
Denmark:
A European county, Denmark is one of the richest countries in terms of culture and wealth. This nation enjoys a high standard of living and the country ranks highly in numerous comparisons of national performance, including education, health care, protection of civil liberties, government transparency, democratic governance, prosperity and human development.
All these are attributed to its effective governmental work that spends hugely of around 57.4 percent of GDP for social cause. A major proportion of that expenditure is allotted for social protection.
Because of its effective government programs, all the citizens receive tax-funded health care and unemployment insurance as well as secure pensions. On top of this, education is free.
Also Read:
India Among World's Poorest Countries
Being one of the wealthiest economies in the world from ages, France’s government is known for allotting maximum expenditure of 55.8 percent of GDP for the welfare of its masses. Out of which 32.07 percent of GDP went towards social protection.
It covers health care, work injuries, family allowances, unemployment insurance, old age pensions, invalidity and death benefits.However, in recent years, the government is constantly under rigorous financial strain as the ageing population has lead to a huge increase in spending on health care, pensions and unemployment benefits.
Denmark:
A European county, Denmark is one of the richest countries in terms of culture and wealth. This nation enjoys a high standard of living and the country ranks highly in numerous comparisons of national performance, including education, health care, protection of civil liberties, government transparency, democratic governance, prosperity and human development.
All these are attributed to its effective governmental work that spends hugely of around 57.4 percent of GDP for social cause. A major proportion of that expenditure is allotted for social protection.
Because of its effective government programs, all the citizens receive tax-funded health care and unemployment insurance as well as secure pensions. On top of this, education is free.
Also Read:
India Among World's Poorest Countries
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