there are several other ways to make nice cash:
your trades
you could go for a cost/bill reducing trade set to save money on stuff like infra and military (like mine )
or go for an income/happiness boosting set to make a greater income-stuff like gems, wine,etc etc. You could also go for a balance of both. make sure you check out the threads in the gameplay section to learn how to get your nation running.
also, if you can get a large sum of money (3 mil), don't collect taxes for 10 days (pay your bills though) then buy an uberload of infra n' collect 10 days taxes you'll make a good hunk of money.
edit: feel free to pm me here or ingame if you want any help/advice