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Alabama vs Arkansas Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Alabama vs Arkansas

Total Expenditure

Alabama

$40.6 billion

Arkansas

$33.5 billion

Alabama is 21.2% higher
General Fund

Alabama

$13.8 billion

Arkansas

$5.9 billion

Alabama is 132.3% higher
Total Revenue

Alabama

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Alabama

$13.7 billion

Arkansas

$7.2 billion

Alabama is 90.3% higher
Rainy Day Fund

Alabama

$2.0 billion

Arkansas

$1.5 billion

Alabama is 29.3% higher
State GDP

Alabama

$321.2 billion

Arkansas

$198.4 billion

Alabama is 61.9% higher

Receipts & Expenditure Comparison

ParticularsAlabamaArkansasDifference
Total Expenditure (all funds)$40.6 billion$33.5 billion+21.2%
General Fund Expenditure$13.8 billion$5.9 billion+132.3%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$13.7 billion$7.2 billion+90.3%
Rainy Day Fund$2.0 billion$1.5 billion+29.3%
State GDP$321.2 billion$198.4 billion+61.9%

Alabama per resident

$7,809

Arkansas per resident

$10,739

Alabama โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Alabama vs Arkansas

CategoryAlabamaArkansasDifference
1. All Other
$9.4 billion
$11.6 billion
-19.7%
2. K-12 Education
$11.2 billion
$4.5 billion
+148.5%
3. Medicaid
$9.1 billion
$9.8 billion
-7.1%
4. Higher Education
$8.1 billion
$4.8 billion
+70.3%
5. Transportation
$1.9 billion
$2.2 billion
-16.2%
6. Corrections
$881 million
$514 million
+71.4%

Compare Another Fiscal Year

FY2026FY2025FY2024FY2023FY2022FY2021

Understanding This Comparison

State budgets are compared on an all-funds basis โ€” the total across the general fund, federal grants, and dedicated state funds. This is the fairer measure, because states differ widely in how much they route outside the general fund. The general fund row shows the discretionary portion that state legislatures actually debate.

Fiscal years differ between states: most run July to June, Alabama and Michigan run October to September, and New York runs April to March. Figures labelled with the same fiscal year therefore cover slightly different periods.

Definitions for every term used here are in the US budget glossary. To compare across countries, see India budget comparisons.

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