GB
Beta

Minnesota vs Alaska Budget FY2023

Spending, revenue and category allocations compared side by side.

Export

Key Budget Metrics โ€” Minnesota vs Alaska

Total Expenditure

Minnesota

$55.9 billion

Alaska

$14.9 billion

Minnesota is 274.1% higher
General Fund

Minnesota

$27.2 billion

Alaska

$7.8 billion

Minnesota is 251.5% higher
Total Revenue

Minnesota

โ€”

Alaska

โ€”

Not comparable
General Fund Revenue

Minnesota

$30.5 billion

Alaska

$7.0 billion

Minnesota is 332.4% higher
Rainy Day Fund

Minnesota

$3.2 billion

Alaska

$2.8 billion

Minnesota is 16.2% higher
State GDP

Minnesota

$531.5 billion

Alaska

$75.0 billion

Minnesota is 608.5% higher

Receipts & Expenditure Comparison

ParticularsMinnesotaAlaskaDifference
Total Expenditure (all funds)$55.9 billion$14.9 billion+274.1%
General Fund Expenditure$27.2 billion$7.8 billion+251.5%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$30.5 billion$7.0 billion+332.4%
Rainy Day Fund$3.2 billion$2.8 billion+16.2%
State GDP$531.5 billion$75.0 billion+608.5%

Minnesota per resident

$9,592

Alaska per resident

$20,281

Minnesota โ€” Spending Composition

Alaska โ€” Spending Composition

Category-wise Allocation โ€” Minnesota vs Alaska

CategoryMinnesotaAlaskaDifference
1. All Other
$18.4 billion
$7.0 billion
+163.0%
2. Medicaid
$17.6 billion
$2.7 billion
+553.2%
3. K-12 Education
$12.2 billion
$2.0 billion
+514.0%
4. Transportation
$5.1 billion
$1.9 billion
+164.2%
5. Higher Education
$1.9 billion
$853 million
+123.0%
6. Corrections
$705 million
$484 million
+45.7%

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.

Explore more budget data

Browse all 50 state budgets, the federal budget across every fiscal year, or build a different comparison from the compare page.