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Indiana vs Arkansas Budget FY2022

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Indiana vs Arkansas

Total Expenditure

Indiana

$48.2 billion

Arkansas

$32.0 billion

Indiana is 50.4% higher
General Fund

Indiana

$18.4 billion

Arkansas

$5.8 billion

Indiana is 217.4% higher
Total Revenue

Indiana

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Indiana

$21.4 billion

Arkansas

$7.5 billion

Indiana is 186.8% higher
Rainy Day Fund

Indiana

$1.6 billion

Arkansas

$1.2 billion

Indiana is 33.4% higher
State GDP

Indiana

$545.2 billion

Arkansas

$198.4 billion

Indiana is 174.8% higher

Receipts & Expenditure Comparison

ParticularsIndianaArkansasDifference
Total Expenditure (all funds)$48.2 billion$32.0 billion+50.4%
General Fund Expenditure$18.4 billion$5.8 billion+217.4%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$21.4 billion$7.5 billion+186.8%
Rainy Day Fund$1.6 billion$1.2 billion+33.4%
State GDP$545.2 billion$198.4 billion+174.8%

Indiana per resident

$6,911

Arkansas per resident

$10,284

Indiana โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Indiana vs Arkansas

CategoryIndianaArkansasDifference
1. Medicaid
$16.1 billion
$8.8 billion
+82.4%
2. All Other
$13.7 billion
$10.5 billion
+31.5%
3. K-12 Education
$11.7 billion
$4.5 billion
+160.1%
4. Higher Education
$2.1 billion
$4.6 billion
-54.1%
5. Transportation
$3.0 billion
$2.0 billion
+51.6%
6. Corrections
$1.3 billion
$467 million
+178.8%
7. Public Assistance
$115 million
$1.1 billion
-89.9%

Compare Another Fiscal Year

FY2026FY2024FY2023FY2022FY2021

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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