How can a countries budget for the year be higher (and sometimes much much higher) than the countries exports last year?
What determines a countries budget for the year? defense spending, healthcare and education spending, things like buildings parks and buildings. etc.
some countries has more than the double spending of budget than the country has exports.
Like, do they pull money out of thin air? taxes goes there, that I know.
But how can the top 10 budgets in the world be so high when their exports isn’t?
And how would it be for a country whose entire sector is state owned (like USSR, which at some points has the highest gdp in the world)?