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[NEWS] National Budget of the Kingdom of Italy Fiscal Year 1929
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| Category | Information |
|---|---|
| Budget Year | 1929 |
| Country Name | The Kingdom of Italy |
| Category | Information |
|---|---|
| Nominal GDP | $41,512,138,000.00 |
| GDP Growth | 3.30% |
| Budget Size | $12,038,520,020.00 |
| Population | 40,467,302.00 |
| GDP Per Capita | $1,025.82 |
| Category | Information |
|---|---|
| Taxes [%GDP] | 37.00% |
| Spending [%GDP] | 29.00% |
| Deficit/Surplus [USD] | $3,320,971,040.00 |
| Category | Information |
|---|---|
| 1928's Debt | $43,862,697,312.00 |
| New Bonds (Debt) Issued | -$3,320,971,040.00 |
| Total Government Debt | $40,541,726,272.00 |
| Debt to GDP % | 97.66% |
| Credit Rating | CCC |
| Interest Paid on Debt | 5.00% |
| Spending Categories | % of Budget | % of GDP | Before Fixed Costs | Fixed Costs | Available in USD |
|---|---|---|---|---|---|
| Government Function | 8.21% | 2.38% | $988,362,493.64 | 85.00% | $148,254,374.05 |
| Defense | 15.00% | 4.35% | $1,805,778,003.00 | 60.00% | $722,311,201.20 |
| Infrastructure & Transportation | 7.50% | 2.18% | $902,889,001.50 | 70.00% | $270,866,700.45 |
| Welfare | 3.50% | 1.02% | $421,348,200.70 | 97.00% | $12,640,446.02 |
| Health Care | 15.00% | 4.35% | $1,805,778,003.00 | 90.00% | $180,577,800.30 |
| Social Security | 4.50% | 1.31% | $541,733,400.90 | 98.00% | $10,834,668.02 |
| Energy | 4.25% | 1.23% | $511,637,100.85 | 70.00% | $153,491,130.26 |
| Research, Science & Technology | 5.45% | 1.58% | $656,099,341.09 | 45.00% | $360,854,637.60 |
| Education | 7.50% | 2.18% | $902,889,001.50 | 75.00% | $225,722,250.38 |
| Resources & Agriculture | 8.25% | 2.39% | $993,177,901.65 | 85.00% | $148,976,685.25 |
| Environment | 1.25% | 0.36% | $150,481,500.25 | 70.00% | $45,144,450.08 |
| Foreign Aid | 1.50% | 0.44% | $180,577,800.30 | 10.00% | $162,520,020.27 |
| Other | 1.25% | 0.36% | $150,481,500.25 | 0.00% | $150,481,500.25 |
| Interest Payments | 16.84% | 4.88% | $2,027,086,313.60 | 100.00% | $0.00 |
| Total Percent of Budget Allocated: | 100.00% |
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