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Top Five Largest National Budgets in the World

BY Juma · June 8, 2016 07:06 am

The National Treasury is expected to release the National Budget today. The budget has been termed as one of the largest and most expensive for the country to hold and sustain. What are some of the largest national budgets in the world? Let us have a look at the top five largest national budgets in the world.

The United States of America

This is the superpower nation in the whole world. This is also the world largest spender.  Most of the spending of the United States goes to the military and some to the aiding of most of the developing nations around the world. The budget now stands at six trillion US Dollars or 600 trillion shillings this being more than three hundred times that of Kenya.

China

China is an emerging world largest economy. There has been a silent economic rivalry between China and the United States as each tries to woe African states to their side with their aid. China heavily invests in infrastructure as well as transport systems. The country’s budget stands at 271.8 trillion shillings. China also produce goods that are deemed the world cheapest goods though most have been blamed for their low quality. China plays a key economic role in the Kenyan economy as it is one of the greatest financier of the Standard Gauge Railway.

Japan

Japan heavily relies on nuclear power for economic operations. The country became industriously revolutionized after the end of the Second World War in 1945 and after the country’s largest provinces, Hiroshima and Nagasaki were hit. Today, most of the best electronics come from Japan as well as vehicles.  The country’s budget now stands at 170.5 trillion shillings.

Germany

The economy of Germany is booming and is one of the fasted growing economies in the whole of European continent. The budget of the country now stands at 148.4 trillion shillings. The country thrives on manufacturing industries as well as electronics. Though the Germany’s influence in Africa is not that heavily felt, the country still plays very significantly role in the economies of most African countries.

France

The total national budget of France now stands at 135.1 trillion shillings. The country was recently hit by terrorists killing more than 100 people and a lot of budget has been pumped into the security. France is one of the countries in the world with a more complicated budgets as the national budget is different from that of the regional authorities.  

 

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

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