Is there a country in the world that does not run on a deficit?

[ElmerMudd]

Is there a country in the world that does not run on a deficit?
Is there a country who brings in more revenues than expenditures n any calendar year. Is there a country who is even close?

 

[sartre play]

Is there a country in the world that does not run on a deficit?
Is there a country who brings in more revenues than expenditures n any calendar year. Is there a country who is even close?

GOOD question, the answer is YES. the why am not as sure about, size, age or a brighter population?

 

[luiza]

Russia . Of course
The Banana Republic of USA was and remains bankrupt

Two years ago
--- Kremlin can now easily pay off all its debts - if it suddenly needed to. As of August 1, the country’s total debt (the state’s external and domestic debts) was 16.2 trillion rubles ($248 billion) or 15 percent of GDP, which is a little less than the amount of cash in Russia’s deposits with the Central Bank and commercial banks - 17.6 trillion ($269 billion) or 16.2 percent of the GDP.


In 2017, total global debt reached an all-time high of $184 trillion (225 percent of global GDP) or, in per capita terms, $86,000 of debt per person on the planet. The top three borrowers in the world - the U.S. (256 percent of GDP), China (254 percent of GDP), and Japan (395 percent of GDP) - accounted for more than half of global debt, exceeding their share of global output.

“As for Russia, in 2017, its debt was at 84 percent of GDP with 81.5 percent of it being commercial (or privately-owned) debt or, in per capita terms, $897 per person,” says Gaidar Gasanov, expert at the International Financial Center in Moscow. “Russia’s reserves have exceeded $500 billion for the first time this year, which means that the economy can ensure the stability of its national currency in case of new potential risks of sanctions in the future.

​

 

[ElmerMudd]

GOOD question, the answer is YES. the why am not as sure about, size, age or a brighter population?

The answer is no unless you count Hong Kong or Macau which are not really independent countries.
There are two ways to have less debt; increase taxes provide less government services. It is up to the citizens to accept this.
Too many US citizens want all the services they need and lower taxes. That is a recipe for big debt.

The 11 countries with the lowest levels of public debt

Many countries have oil to thank, while others have pursued liberal market reforms which have made fiscal discipline a central policy.

www.businessinsider.com

 

[ElmerMudd]

Russia . Of course
The Banana Republic of USA was and remains bankrupt

Two years ago
--- Kremlin can now easily pay off all its debts - if it suddenly needed to. As of August 1, the country’s total debt (the state’s external and domestic debts) was 16.2 trillion rubles ($248 billion) or 15 percent of GDP, which is a little less than the amount of cash in Russia’s deposits with the Central Bank and commercial banks - 17.6 trillion ($269 billion) or 16.2 percent of the GDP.


In 2017, total global debt reached an all-time high of $184 trillion (225 percent of global GDP) or, in per capita terms, $86,000 of debt per person on the planet. The top three borrowers in the world - the U.S. (256 percent of GDP), China (254 percent of GDP), and Japan (395 percent of GDP) - accounted for more than half of global debt, exceeding their share of global output.

“As for Russia, in 2017, its debt was at 84 percent of GDP with 81.5 percent of it being commercial (or privately-owned) debt or, in per capita terms, $897 per person,” says Gaidar Gasanov, expert at the International Financial Center in Moscow. “Russia’s reserves have exceeded $500 billion for the first time this year, which means that the economy can ensure the stability of its national currency in case of new potential risks of sanctions in the future.

​

FYI - Russia is a Communist country. It sounds like you are a fan of Communism.

 

[luiza]

FYI - Russia is a Communist country. It sounds like you are a fan of Communism.

And you are an ass.
If you had anything much between your ears you would know that Communism has been dead and buried for some time .
And you have really made yourself look a braying ass by telling us something about modern Russa which a schoolboy would correct you on .

Ad hominem remarks are childish but ones that are also based on garbage are even worse .

 

[eagle7-31]

Is there a country in the world that does not run on a deficit?
Is there a country who brings in more revenues than expenditures n any calendar year. Is there a country who is even close?

From Washington to Biden the only time there has been a balanced budget and no debt at the same time was in Andrew Jackson's 2nd term.