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Arkansas vs Alabama Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Arkansas vs Alabama

Total Expenditure

Arkansas

$33.5 billion

Alabama

$40.6 billion

Arkansas is 17.5% lower
General Fund

Arkansas

$5.9 billion

Alabama

$13.8 billion

Arkansas is 57.0% lower
Total Revenue

Arkansas

โ€”

Alabama

โ€”

Not comparable
General Fund Revenue

Arkansas

$7.2 billion

Alabama

$13.7 billion

Arkansas is 47.4% lower
Rainy Day Fund

Arkansas

$1.5 billion

Alabama

$2.0 billion

Arkansas is 22.6% lower
State GDP

Arkansas

$198.4 billion

Alabama

$321.2 billion

Arkansas is 38.2% lower

Receipts & Expenditure Comparison

ParticularsArkansasAlabamaDifference
Total Expenditure (all funds)$33.5 billion$40.6 billion-17.5%
General Fund Expenditure$5.9 billion$13.8 billion-57.0%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$7.2 billion$13.7 billion-47.4%
Rainy Day Fund$1.5 billion$2.0 billion-22.6%
State GDP$198.4 billion$321.2 billion-38.2%

Arkansas per resident

$10,739

Alabama per resident

$7,809

Arkansas โ€” Spending Composition

Alabama โ€” Spending Composition

Category-wise Allocation โ€” Arkansas vs Alabama

CategoryArkansasAlabamaDifference
1. All Other
$11.6 billion
$9.4 billion
+24.5%
2. K-12 Education
$4.5 billion
$11.2 billion
-59.8%
3. Medicaid
$9.8 billion
$9.1 billion
+7.7%
4. Higher Education
$4.8 billion
$8.1 billion
-41.3%
5. Transportation
$2.2 billion
$1.9 billion
+19.3%
6. Corrections
$514 million
$881 million
-41.7%

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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