Minnesota vs Alaska Budget FY2022
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Minnesota vs Alaska
Minnesota
$54.2 billion
Alaska
$15.0 billion
Minnesota
$24.7 billion
Alaska
$6.4 billion
Minnesota
โ
Alaska
โ
Minnesota
$30.3 billion
Alaska
$7.0 billion
Minnesota
$3.3 billion
Alaska
$2.6 billion
Minnesota
$531.5 billion
Alaska
$75.0 billion
Receipts & Expenditure Comparison
| Particulars | Minnesota | Alaska | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $54.2 billion | $15.0 billion | +262.6% |
| General Fund Expenditure | $24.7 billion | $6.4 billion | +288.1% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $30.3 billion | $7.0 billion | +333.2% |
| Rainy Day Fund | $3.3 billion | $2.6 billion | +23.8% |
| State GDP | $531.5 billion | $75.0 billion | +608.5% |
Minnesota per resident
$9,303
Alaska per resident
$20,293
Minnesota โ Spending Composition
Alaska โ Spending Composition
Category-wise Allocation โ Minnesota vs Alaska
| Category | Minnesota | Alaska | Difference |
|---|---|---|---|
1. All Other | $17.7 billion | $6.5 billion | +172.4% |
2. Medicaid | $16.9 billion | $2.5 billion | +579.2% |
3. K-12 Education | $12.1 billion | $1.9 billion | +543.5% |
4. Transportation | $4.6 billion | $2.5 billion | +84.5% |
5. Higher Education | $1.9 billion | $983 million | +95.6% |
6. Corrections | $665 million | $474 million | +40.3% |
7. Public Assistance | $314 million | $115 million | +173.0% |
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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