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Mississippi vs Arkansas Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Mississippi vs Arkansas

Total Expenditure

Mississippi

$23.7 billion

Arkansas

$33.5 billion

Mississippi is 29.1% lower
General Fund

Mississippi

$6.3 billion

Arkansas

$5.9 billion

Mississippi is 6.6% higher
Total Revenue

Mississippi

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Mississippi

$7.7 billion

Arkansas

$7.2 billion

Mississippi is 7.1% higher
Rainy Day Fund

Mississippi

$581 million

Arkansas

$1.5 billion

Mississippi is 62.0% lower
State GDP

Mississippi

$165.1 billion

Arkansas

$198.4 billion

Mississippi is 16.8% lower

Receipts & Expenditure Comparison

ParticularsMississippiArkansasDifference
Total Expenditure (all funds)$23.7 billion$33.5 billion-29.1%
General Fund Expenditure$6.3 billion$5.9 billion+6.6%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$7.7 billion$7.2 billion+7.1%
Rainy Day Fund$581 million$1.5 billion-62.0%
State GDP$165.1 billion$198.4 billion-16.8%

Mississippi per resident

$8,028

Arkansas per resident

$10,739

Mississippi โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Mississippi vs Arkansas

CategoryMississippiArkansasDifference
1. All Other
$7.0 billion
$11.6 billion
-39.6%
2. Medicaid
$5.9 billion
$9.8 billion
-39.5%
3. Higher Education
$4.4 billion
$4.8 billion
-8.0%
4. K-12 Education
$4.5 billion
$4.5 billion
-1.7%
5. Transportation
$1.5 billion
$2.2 billion
-31.8%
6. Corrections
$411 million
$514 million
-20.0%

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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