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Iowa vs Alaska Budget FY2021

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Iowa vs Alaska

Total Expenditure

Iowa

$28.5 billion

Alaska

$11.7 billion

Iowa is 143.8% higher
General Fund

Iowa

$7.8 billion

Alaska

$5.6 billion

Iowa is 40.6% higher
Total Revenue

Iowa

โ€”

Alaska

โ€”

Not comparable
General Fund Revenue

Iowa

$8.8 billion

Alaska

$4.8 billion

Iowa is 84.0% higher
Rainy Day Fund

Iowa

$801 million

Alaska

$1.1 billion

Iowa is 24.4% lower
State GDP

Iowa

$277.1 billion

Alaska

$75.0 billion

Iowa is 269.4% higher

Receipts & Expenditure Comparison

ParticularsIowaAlaskaDifference
Total Expenditure (all funds)$28.5 billion$11.7 billion+143.8%
General Fund Expenditure$7.8 billion$5.6 billion+40.6%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$8.8 billion$4.8 billion+84.0%
Rainy Day Fund$801 million$1.1 billion-24.4%
State GDP$277.1 billion$75.0 billion+269.4%

Iowa per resident

$8,809

Alaska per resident

$15,875

Iowa โ€” Spending Composition

Alaska โ€” Spending Composition

Category-wise Allocation โ€” Iowa vs Alaska

CategoryIowaAlaskaDifference
1. All Other
$8.0 billion
$5.7 billion
+41.6%
2. Medicaid
$6.6 billion
$2.1 billion
+217.4%
3. Higher Education
$6.6 billion
$579 million
+1036.3%
4. K-12 Education
$4.4 billion
$1.3 billion
+238.3%
5. Transportation
$2.3 billion
$1.6 billion
+47.5%
6. Corrections
$467 million
$369 million
+26.6%
7. Public Assistance
$92 million
$128 million
-28.1%

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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