Budgetary black magic

[G-Max]

My tax rate is only 4.9%, government spending is 7.3% of GDP, and yet I'm not running a deficit.

How is this achieved without crazy inflation?

[Bears Armed]

Government monopoly over the supply of some important material (gold, silver, oil, honey, whatever) which it sells at a profit?

[Albrook]

Let the income tax rate in Albrook be 4.6% (0.046), the GDP be 530 trillion (5.3 x 10^12) Brozoufs, the national average income is 71,911 per capita, the population is 7.384 billion, and the government spending be 25% of GDP.

Every year, a citizen will pay (f(x)=[Average Income]*[Income Tax Rate]) $3,307.90 in taxes.

The government spends (f(x)=[GDP]*[Percentage of GDP used for Government Spending]) 1.325 x 10^12 Brozoufs per year ($132,500,000,000,000).

The government ideally brings in (f(x)=[Amount citizen pays in taxes]*[Population]) 2.44*10^13 Brozoufs per year through the income tax, neglecting deductions, tax evasion, exemptions, and the age of majority. Especially because without these the number exceeds the GDP.

Through these findings, the Albrookian national government probably is not entering deficit spending, but there is not enough official information available to determine that because of the ambiguity of tax income without looking into third-party tools, such as NSEconomy or something.

Through this, it can be possible for a lower tax rate and higher population to yield not being in deficit spending. A penny from a population of billions translate into millions for the benefactor. For a smaller nation, however, it can be possible that this is definitely deficit spending. But it's hard to tell through the ambiguity.

EDIT: So total government expenditure is a given value as well. Luckily, my number matches.

[Almonaster Nuevo]

Government monopoly over the supply of some important material (gold, silver, oil, honey, whatever) which it sells at a profit?

Or state-owned industries in general. They can sometimes be run at a profit, despite the convictions of conservative pundits.

[G-Max]

Well, my economy is almost entirely beverage sales, pizza delivery, and the military... the military isn't profitable and the other two aren't state-owned, so I have no idea

Is there any way to check?

[Almonaster Nuevo]

It would be on your Economy tab, but it looks like you don't have any.

Income tax appears to provide about 2/3rds of your government budget. I think you'll just have to assume that other types of tax account for the rest.