Budget of Saudi Arabia v/s Budget of Other Countries

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Budget of Saudi Arabia v/s Budget of Other Countries

Budget is measured in terms of expenditure done or to be done in a certain time period. Every country makes budget on annual basis. It is interesting to know that Kingdom of Saudi Arabia has an annual budget (2016) of $237 billion which is equivalent to SR 890 billion. The revenue received through different sources is $185 billion (SR 692 billion). Let us discuss some other interesting facts about this huge budget of Saudi Arabia. There are many countries those have population larger than Saudi Arabia but their budgets are unbelievably less. There are many countries those can spend many years with the one year budget of KSA.  The purpose of writing this post is not to criticize the Saudi budget. Every country has its own objectives, resources and priorities. It is just an informative post.

 

Solomon Islands has budget of $75.1 million. It can spend more than 2,983 years with one year budget of KSA.

Pakistan: Pakistan, a country that has 6th largest population in the world and is among the atomic powers, has a budget of $51.500 billion. This is more than 4 times less than the budget of KSA. It means that Pakistan can spend almost 4.35 years with the one year budget of KSA.

Andorra has annual budget of $496.8 million. It can spend more than 451 years (almost four and half centuries) with one year budget of Saudi Arabia.

Bahrain has annual budget of $8.4 billion. It can spend 27 years with one year budget of Saudi Arabia.

Bangladesh: Bangladesh is a country with almost 160 million populations. It is more than 5 times of Saudi population. It would be surprising for many of us that the budget of Bangladesh is only $17.2 billion. The budget of Saudi Arabia is 12.5 times (approx) more than the budget of Bangladesh. It means that Bangladesh can spend more than 13 years with one year budget of KSA.

Belize has annual budget of $361.5 million. It can spend almost 620 years (more than 6 centuries) with one year budget of Saudi Arabia.

Bhutan has annual budget of $350 million. It can spend more than 640 years (more than 6 centuries) with one year budget of Saudi Arabia.

Congo: Republic of the Congo has annual budget of $5.9 billion. It can spend 38 years with one year budget of Saudi Arabia.

Eretria has annual budget of $523.1 million. It can spend more than 428 years (more than 4 centuries) with one year budget of Saudi Arabia.

Guinea has annual budget of $796.5 million. It can spend 274.5 years (almost 3 centuries) with one year budget of Saudi Arabia.

Iceland has annual budget of $6.5 billion. It can spend more than 34 years with one year budget of Saudi Arabia.

Iran: Iran has a population of 78 million but when we look in to the budget of this country that has more than double of the population of Saudi Arabia, we see that the budget is $92.6 billion. The difference of budgets can be interpreted as Iran with its extra population can spend more than 2 years if Iran is provided with the budget of Saudi Arabia.

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