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New Mexico vs Delaware Budget FY2021

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” New Mexico vs Delaware

Total Expenditure

New Mexico

$22.4 billion

Delaware

$13.3 billion

New Mexico is 69.1% higher
General Fund

New Mexico

$7.3 billion

Delaware

$4.5 billion

New Mexico is 63.2% higher
Total Revenue

New Mexico

โ€”

Delaware

โ€”

Not comparable
General Fund Revenue

New Mexico

$8.8 billion

Delaware

$5.4 billion

New Mexico is 63.3% higher
Rainy Day Fund

New Mexico

$2.5 billion

Delaware

$252 million

New Mexico is 894.0% higher
State GDP

New Mexico

$152.8 billion

Delaware

$117.2 billion

New Mexico is 30.3% higher

Receipts & Expenditure Comparison

ParticularsNew MexicoDelawareDifference
Total Expenditure (all funds)$22.4 billion$13.3 billion+69.1%
General Fund Expenditure$7.3 billion$4.5 billion+63.2%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$8.8 billion$5.4 billion+63.3%
Rainy Day Fund$2.5 billion$252 million+894.0%
State GDP$152.8 billion$117.2 billion+30.3%

New Mexico per resident

$10,552

Delaware per resident

$12,508

New Mexico โ€” Spending Composition

Delaware โ€” Spending Composition

Category-wise Allocation โ€” New Mexico vs Delaware

CategoryNew MexicoDelawareDifference
1. Medicaid
$7.2 billion
$2.6 billion
+177.4%
2. All Other
$5.8 billion
$5.8 billion
-0.1%
3. K-12 Education
$4.0 billion
$2.9 billion
+36.0%
4. Higher Education
$2.9 billion
$483 million
+495.2%
5. Transportation
$2.0 billion
$1.1 billion
+85.2%
6. Corrections
$433 million
$381 million
+13.6%
7. Public Assistance
$166 million
$19 million
+773.7%

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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