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Louisiana vs Arkansas Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Louisiana vs Arkansas

Total Expenditure

Louisiana

$43.0 billion

Arkansas

$33.5 billion

Louisiana is 28.6% higher
General Fund

Louisiana

$11.9 billion

Arkansas

$5.9 billion

Louisiana is 100.5% higher
Total Revenue

Louisiana

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Louisiana

$13.9 billion

Arkansas

$7.2 billion

Louisiana is 93.0% higher
Rainy Day Fund

Louisiana

$974 million

Arkansas

$1.5 billion

Louisiana is 36.3% lower
State GDP

Louisiana

$340.1 billion

Arkansas

$198.4 billion

Louisiana is 71.4% higher

Receipts & Expenditure Comparison

ParticularsLouisianaArkansasDifference
Total Expenditure (all funds)$43.0 billion$33.5 billion+28.6%
General Fund Expenditure$11.9 billion$5.9 billion+100.5%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$13.9 billion$7.2 billion+93.0%
Rainy Day Fund$974 million$1.5 billion-36.3%
State GDP$340.1 billion$198.4 billion+71.4%

Louisiana per resident

$9,316

Arkansas per resident

$10,739

Louisiana โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Louisiana vs Arkansas

CategoryLouisianaArkansasDifference
1. Medicaid
$16.2 billion
$9.8 billion
+65.7%
2. All Other
$13.4 billion
$11.6 billion
+14.7%
3. K-12 Education
$7.3 billion
$4.5 billion
+60.9%
4. Higher Education
$3.2 billion
$4.8 billion
-33.9%
5. Transportation
$2.0 billion
$2.2 billion
-12.3%
6. Corrections
$1.1 billion
$514 million
+112.6%

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.

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