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Maryland vs Alabama Budget FY2024

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” Maryland vs Alabama

Total Expenditure

Maryland

$67.7 billion

Alabama

$38.1 billion

Maryland is 77.7% higher
General Fund

Maryland

$27.4 billion

Alabama

$13.5 billion

Maryland is 102.8% higher
Total Revenue

Maryland

โ€”

Alabama

โ€”

Not comparable
General Fund Revenue

Maryland

$24.9 billion

Alabama

$14.1 billion

Maryland is 76.0% higher
Rainy Day Fund

Maryland

$2.4 billion

Alabama

$2.7 billion

Maryland is 10.1% lower
State GDP

Maryland

$568.1 billion

Alabama

$321.2 billion

Maryland is 76.9% higher

Receipts & Expenditure Comparison

ParticularsMarylandAlabamaDifference
Total Expenditure (all funds)$67.7 billion$38.1 billion+77.7%
General Fund Expenditure$27.4 billion$13.5 billion+102.8%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$24.9 billion$14.1 billion+76.0%
Rainy Day Fund$2.4 billion$2.7 billion-10.1%
State GDP$568.1 billion$321.2 billion+76.9%

Maryland per resident

$10,807

Alabama per resident

$7,339

Maryland โ€” Spending Composition

Alabama โ€” Spending Composition

Category-wise Allocation โ€” Maryland vs Alabama

CategoryMarylandAlabamaDifference
1. All Other
$25.5 billion
$7.3 billion
+248.0%
2. Medicaid
$14.3 billion
$8.8 billion
+62.0%
3. K-12 Education
$10.7 billion
$10.5 billion
+2.2%
4. Higher Education
$9.3 billion
$8.3 billion
+12.8%
5. Transportation
$5.8 billion
$2.2 billion
+167.7%
6. Corrections
$2.1 billion
$1.0 billion
+101.5%

Compare Another Fiscal Year

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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