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Alaska vs Arkansas Budget FY2022

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” Alaska vs Arkansas

Total Expenditure

Alaska

$15.0 billion

Arkansas

$32.0 billion

Alaska is 53.3% lower
General Fund

Alaska

$6.4 billion

Arkansas

$5.8 billion

Alaska is 9.6% higher
Total Revenue

Alaska

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Alaska

$7.0 billion

Arkansas

$7.5 billion

Alaska is 6.4% lower
Rainy Day Fund

Alaska

$2.6 billion

Arkansas

$1.2 billion

Alaska is 116.7% higher
State GDP

Alaska

$75.0 billion

Arkansas

$198.4 billion

Alaska is 62.2% lower

Receipts & Expenditure Comparison

ParticularsAlaskaArkansasDifference
Total Expenditure (all funds)$15.0 billion$32.0 billion-53.3%
General Fund Expenditure$6.4 billion$5.8 billion+9.6%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$7.0 billion$7.5 billion-6.4%
Rainy Day Fund$2.6 billion$1.2 billion+116.7%
State GDP$75.0 billion$198.4 billion-62.2%

Alaska per resident

$20,293

Arkansas per resident

$10,284

Alaska โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Alaska vs Arkansas

CategoryAlaskaArkansasDifference
1. All Other
$6.5 billion
$10.5 billion
-37.8%
2. Medicaid
$2.5 billion
$8.8 billion
-71.9%
3. Higher Education
$983 million
$4.6 billion
-78.7%
4. K-12 Education
$1.9 billion
$4.5 billion
-58.3%
5. Transportation
$2.5 billion
$2.0 billion
+26.0%
6. Public Assistance
$115 million
$1.1 billion
-89.9%
7. Corrections
$474 million
$467 million
+1.5%

Compare Another Fiscal Year

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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