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Minnesota vs Alaska Budget FY2021

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Minnesota vs Alaska

Total Expenditure

Minnesota

$48.4 billion

Alaska

$11.7 billion

Minnesota is 313.9% higher
General Fund

Minnesota

$23.6 billion

Alaska

$5.6 billion

Minnesota is 324.5% higher
Total Revenue

Minnesota

โ€”

Alaska

โ€”

Not comparable
General Fund Revenue

Minnesota

$26.6 billion

Alaska

$4.8 billion

Minnesota is 455.8% higher
Rainy Day Fund

Minnesota

$2.9 billion

Alaska

$1.1 billion

Minnesota is 170.1% higher
State GDP

Minnesota

$531.5 billion

Alaska

$75.0 billion

Minnesota is 608.5% higher

Receipts & Expenditure Comparison

ParticularsMinnesotaAlaskaDifference
Total Expenditure (all funds)$48.4 billion$11.7 billion+313.9%
General Fund Expenditure$23.6 billion$5.6 billion+324.5%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$26.6 billion$4.8 billion+455.8%
Rainy Day Fund$2.9 billion$1.1 billion+170.1%
State GDP$531.5 billion$75.0 billion+608.5%

Minnesota per resident

$8,307

Alaska per resident

$15,875

Minnesota โ€” Spending Composition

Alaska โ€” Spending Composition

Category-wise Allocation โ€” Minnesota vs Alaska

CategoryMinnesotaAlaskaDifference
1. All Other
$14.8 billion
$5.7 billion
+160.8%
2. Medicaid
$14.6 billion
$2.1 billion
+599.4%
3. K-12 Education
$11.5 billion
$1.3 billion
+779.5%
4. Transportation
$4.6 billion
$1.6 billion
+195.0%
5. Higher Education
$1.9 billion
$579 million
+226.3%
6. Corrections
$683 million
$369 million
+85.1%
7. Public Assistance
$345 million
$128 million
+169.5%

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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