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Maryland vs Arkansas Budget FY2022

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Maryland vs Arkansas

Total Expenditure

Maryland

$62.8 billion

Arkansas

$32.0 billion

Maryland is 96.2% higher
General Fund

Maryland

$21.0 billion

Arkansas

$5.8 billion

Maryland is 262.6% higher
Total Revenue

Maryland

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Maryland

$24.0 billion

Arkansas

$7.5 billion

Maryland is 221.6% higher
Rainy Day Fund

Maryland

$1.7 billion

Arkansas

$1.2 billion

Maryland is 37.1% higher
State GDP

Maryland

$568.1 billion

Arkansas

$198.4 billion

Maryland is 186.3% higher

Receipts & Expenditure Comparison

ParticularsMarylandArkansasDifference
Total Expenditure (all funds)$62.8 billion$32.0 billion+96.2%
General Fund Expenditure$21.0 billion$5.8 billion+262.6%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$24.0 billion$7.5 billion+221.6%
Rainy Day Fund$1.7 billion$1.2 billion+37.1%
State GDP$568.1 billion$198.4 billion+186.3%

Maryland per resident

$10,029

Arkansas per resident

$10,284

Maryland โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Maryland vs Arkansas

CategoryMarylandArkansasDifference
1. All Other
$18.6 billion
$10.5 billion
+78.3%
2. Medicaid
$13.3 billion
$8.8 billion
+50.7%
3. K-12 Education
$13.0 billion
$4.5 billion
+187.0%
4. Higher Education
$7.5 billion
$4.6 billion
+62.9%
5. Transportation
$5.6 billion
$2.0 billion
+181.2%
6. Public Assistance
$3.0 billion
$1.1 billion
+168.3%
7. Corrections
$1.7 billion
$467 million
+268.7%

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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