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Alabama vs Florida Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Alabama vs Florida

Total Expenditure

Alabama

$40.6 billion

Florida

$119.1 billion

Alabama is 65.9% lower
General Fund

Alabama

$13.8 billion

Florida

$49.0 billion

Alabama is 71.9% lower
Total Revenue

Alabama

โ€”

Florida

โ€”

Not comparable
General Fund Revenue

Alabama

$13.7 billion

Florida

$48.2 billion

Alabama is 71.7% lower
Rainy Day Fund

Alabama

$2.0 billion

Florida

$3.1 billion

Alabama is 37.0% lower
State GDP

Alabama

$321.2 billion

Florida

$1.83 trillion

Alabama is 82.5% lower

Receipts & Expenditure Comparison

ParticularsAlabamaFloridaDifference
Total Expenditure (all funds)$40.6 billion$119.1 billion-65.9%
General Fund Expenditure$13.8 billion$49.0 billion-71.9%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$13.7 billion$48.2 billion-71.7%
Rainy Day Fund$2.0 billion$3.1 billion-37.0%
State GDP$321.2 billion$1.83 trillion-82.5%

Alabama per resident

$7,809

Florida per resident

$5,076

Alabama โ€” Spending Composition

Florida โ€” Spending Composition

Category-wise Allocation โ€” Alabama vs Florida

CategoryAlabamaFloridaDifference
1. Medicaid
$9.1 billion
$37.3 billion
-75.7%
2. All Other
$9.4 billion
$35.5 billion
-73.7%
3. K-12 Education
$11.2 billion
$20.1 billion
-44.1%
4. Transportation
$1.9 billion
$12.3 billion
-84.8%
5. Higher Education
$8.1 billion
$10.4 billion
-21.6%
6. Corrections
$881 million
$3.4 billion
-74.4%

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.

Explore more budget data

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