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Oklahoma vs Alaska Budget FY2022

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Oklahoma vs Alaska

Total Expenditure

Oklahoma

$26.9 billion

Alaska

$15.0 billion

Oklahoma is 79.9% higher
General Fund

Oklahoma

$7.5 billion

Alaska

$6.4 billion

Oklahoma is 17.9% higher
Total Revenue

Oklahoma

โ€”

Alaska

โ€”

Not comparable
General Fund Revenue

Oklahoma

$9.6 billion

Alaska

$7.0 billion

Oklahoma is 37.0% higher
Rainy Day Fund

Oklahoma

$1.2 billion

Alaska

$2.6 billion

Oklahoma is 53.5% lower
State GDP

Oklahoma

$274.4 billion

Alaska

$75.0 billion

Oklahoma is 265.8% higher

Receipts & Expenditure Comparison

ParticularsOklahomaAlaskaDifference
Total Expenditure (all funds)$26.9 billion$15.0 billion+79.9%
General Fund Expenditure$7.5 billion$6.4 billion+17.9%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$9.6 billion$7.0 billion+37.0%
Rainy Day Fund$1.2 billion$2.6 billion-53.5%
State GDP$274.4 billion$75.0 billion+265.8%

Oklahoma per resident

$6,524

Alaska per resident

$20,293

Oklahoma โ€” Spending Composition

Alaska โ€” Spending Composition

Category-wise Allocation โ€” Oklahoma vs Alaska

CategoryOklahomaAlaskaDifference
1. Medicaid
$8.1 billion
$2.5 billion
+224.4%
2. All Other
$8.0 billion
$6.5 billion
+22.8%
3. K-12 Education
$5.1 billion
$1.9 billion
+169.4%
4. Higher Education
$3.6 billion
$983 million
+267.0%
5. Transportation
$1.5 billion
$2.5 billion
-39.5%
6. Corrections
$532 million
$474 million
+12.2%
7. Public Assistance
$126 million
$115 million
+9.6%

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.

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