New Mexico vs Arizona Budget FY2027
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ New Mexico vs Arizona
New Mexico
$11.1 billion
Arizona
$18.3 billion
New Mexico
$11.1 billion
Arizona
$18.3 billion
New Mexico
$14.0 billion
Arizona
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New Mexico
โ
Arizona
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New Mexico
$2.9 billion
Arizona
$1.6 billion
New Mexico
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Arizona
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Receipts & Expenditure Comparison
| Particulars | New Mexico | Arizona | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $11.1 billion | $18.3 billion | -39.3% |
| General Fund Expenditure | $11.1 billion | $18.3 billion | -39.3% |
| Total Revenue | $14.0 billion | โ | โ |
| General Fund Revenue | โ | โ | โ |
| Rainy Day Fund | $2.9 billion | $1.6 billion | +83.8% |
| State GDP | โ | โ | โ |
New Mexico per resident
$5,224
Arizona per resident
$2,400
New Mexico โ Spending Composition
Data not available
Arizona โ Spending Composition
Data not available
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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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