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Maine vs Arkansas Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Maine vs Arkansas

Total Expenditure

Maine

$13.0 billion

Arkansas

$33.5 billion

Maine is 61.1% lower
General Fund

Maine

$4.3 billion

Arkansas

$5.9 billion

Maine is 27.3% lower
Total Revenue

Maine

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Maine

$5.4 billion

Arkansas

$7.2 billion

Maine is 25.1% lower
Rainy Day Fund

Maine

$907 million

Arkansas

$1.5 billion

Maine is 40.7% lower
State GDP

Maine

$102.8 billion

Arkansas

$198.4 billion

Maine is 48.2% lower

Receipts & Expenditure Comparison

ParticularsMaineArkansasDifference
Total Expenditure (all funds)$13.0 billion$33.5 billion-61.1%
General Fund Expenditure$4.3 billion$5.9 billion-27.3%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$5.4 billion$7.2 billion-25.1%
Rainy Day Fund$907 million$1.5 billion-40.7%
State GDP$102.8 billion$198.4 billion-48.2%

Maine per resident

$9,194

Arkansas per resident

$10,739

Maine โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Maine vs Arkansas

CategoryMaineArkansasDifference
1. All Other
$5.1 billion
$11.6 billion
-56.2%
2. Medicaid
$4.2 billion
$9.8 billion
-56.7%
3. Higher Education
$439 million
$4.8 billion
-90.8%
4. K-12 Education
$2.1 billion
$4.5 billion
-53.1%
5. Transportation
$915 million
$2.2 billion
-59.0%
6. Corrections
$212 million
$514 million
-58.8%

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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