GB
Beta

Iowa vs Arkansas Budget FY2022

Spending, revenue and category allocations compared side by side.

Export

Key Budget Metrics โ€” Iowa vs Arkansas

Total Expenditure

Iowa

$28.5 billion

Arkansas

$32.0 billion

Iowa is 11.0% lower
General Fund

Iowa

$8.1 billion

Arkansas

$5.8 billion

Iowa is 40.1% higher
Total Revenue

Iowa

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Iowa

$9.8 billion

Arkansas

$7.5 billion

Iowa is 31.1% higher
Rainy Day Fund

Iowa

$830 million

Arkansas

$1.2 billion

Iowa is 31.5% lower
State GDP

Iowa

$277.1 billion

Arkansas

$198.4 billion

Iowa is 39.7% higher

Receipts & Expenditure Comparison

ParticularsIowaArkansasDifference
Total Expenditure (all funds)$28.5 billion$32.0 billion-11.0%
General Fund Expenditure$8.1 billion$5.8 billion+40.1%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$9.8 billion$7.5 billion+31.1%
Rainy Day Fund$830 million$1.2 billion-31.5%
State GDP$277.1 billion$198.4 billion+39.7%

Iowa per resident

$8,804

Arkansas per resident

$10,284

Iowa โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Iowa vs Arkansas

CategoryIowaArkansasDifference
1. All Other
$6.8 billion
$10.5 billion
-34.6%
2. Medicaid
$7.2 billion
$8.8 billion
-18.8%
3. Higher Education
$7.0 billion
$4.6 billion
+51.0%
4. K-12 Education
$4.8 billion
$4.5 billion
+5.2%
5. Transportation
$2.2 billion
$2.0 billion
+9.3%
6. Public Assistance
$104 million
$1.1 billion
-90.8%
7. Corrections
$485 million
$467 million
+3.9%

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

Browse all 50 state budgets, the federal budget across every fiscal year, or build a different comparison from the compare page.