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Oklahoma vs Alabama Budget FY2023

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Oklahoma vs Alabama

Total Expenditure

Oklahoma

$29.1 billion

Alabama

$40.6 billion

Oklahoma is 28.2% lower
General Fund

Oklahoma

$7.8 billion

Alabama

$13.8 billion

Oklahoma is 43.7% lower
Total Revenue

Oklahoma

โ€”

Alabama

โ€”

Not comparable
General Fund Revenue

Oklahoma

$10.2 billion

Alabama

$13.7 billion

Oklahoma is 25.3% lower
Rainy Day Fund

Oklahoma

$1.7 billion

Alabama

$2.0 billion

Oklahoma is 15.3% lower
State GDP

Oklahoma

$274.4 billion

Alabama

$321.2 billion

Oklahoma is 14.6% lower

Receipts & Expenditure Comparison

ParticularsOklahomaAlabamaDifference
Total Expenditure (all funds)$29.1 billion$40.6 billion-28.2%
General Fund Expenditure$7.8 billion$13.8 billion-43.7%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$10.2 billion$13.7 billion-25.3%
Rainy Day Fund$1.7 billion$2.0 billion-15.3%
State GDP$274.4 billion$321.2 billion-14.6%

Oklahoma per resident

$7,062

Alabama per resident

$7,809

Oklahoma โ€” Spending Composition

Alabama โ€” Spending Composition

Category-wise Allocation โ€” Oklahoma vs Alabama

CategoryOklahomaAlabamaDifference
1. K-12 Education
$4.5 billion
$11.2 billion
-60.4%
2. Medicaid
$9.9 billion
$9.1 billion
+9.4%
3. All Other
$8.6 billion
$9.4 billion
-8.4%
4. Higher Education
$3.9 billion
$8.1 billion
-51.7%
5. Transportation
$1.7 billion
$1.9 billion
-9.9%
6. Corrections
$577 million
$881 million
-34.5%

Compare Another Fiscal Year

FY2025FY2024FY2023FY2022FY2021

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

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