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Maryland vs Alaska Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Maryland vs Alaska

Total Expenditure

Maryland

$67.7 billion

Alaska

$14.3 billion

Maryland is 372.3% higher
General Fund

Maryland

$27.4 billion

Alaska

$6.5 billion

Maryland is 323.7% higher
Total Revenue

Maryland

โ€”

Alaska

โ€”

Not comparable
General Fund Revenue

Maryland

$24.9 billion

Alaska

$6.6 billion

Maryland is 275.0% higher
Rainy Day Fund

Maryland

$2.4 billion

Alaska

$2.9 billion

Maryland is 16.4% lower
State GDP

Maryland

$568.1 billion

Alaska

$75.0 billion

Maryland is 657.4% higher

Receipts & Expenditure Comparison

ParticularsMarylandAlaskaDifference
Total Expenditure (all funds)$67.7 billion$14.3 billion+372.3%
General Fund Expenditure$27.4 billion$6.5 billion+323.7%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$24.9 billion$6.6 billion+275.0%
Rainy Day Fund$2.4 billion$2.9 billion-16.4%
State GDP$568.1 billion$75.0 billion+657.4%

Maryland per resident

$10,807

Alaska per resident

$19,452

Maryland โ€” Spending Composition

Alaska โ€” Spending Composition

Category-wise Allocation โ€” Maryland vs Alaska

CategoryMarylandAlaskaDifference
1. All Other
$25.5 billion
$6.0 billion
+323.6%
2. Medicaid
$14.3 billion
$2.8 billion
+415.7%
3. K-12 Education
$10.7 billion
$2.0 billion
+445.3%
4. Higher Education
$9.3 billion
$930 million
+903.2%
5. Transportation
$5.8 billion
$2.2 billion
+167.6%
6. Corrections
$2.1 billion
$492 million
+323.0%

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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