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Rhode Island vs Alaska Budget FY2024

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” Rhode Island vs Alaska

Total Expenditure

Rhode Island

$12.8 billion

Alaska

$14.3 billion

Rhode Island is 10.9% lower
General Fund

Rhode Island

$5.2 billion

Alaska

$6.5 billion

Rhode Island is 19.0% lower
Total Revenue

Rhode Island

โ€”

Alaska

โ€”

Not comparable
General Fund Revenue

Rhode Island

$5.4 billion

Alaska

$6.6 billion

Rhode Island is 18.3% lower
Rainy Day Fund

Rhode Island

$347 million

Alaska

$2.9 billion

Rhode Island is 88.0% lower
State GDP

Rhode Island

$84.0 billion

Alaska

$75.0 billion

Rhode Island is 11.9% higher

Receipts & Expenditure Comparison

ParticularsRhode IslandAlaskaDifference
Total Expenditure (all funds)$12.8 billion$14.3 billion-10.9%
General Fund Expenditure$5.2 billion$6.5 billion-19.0%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$5.4 billion$6.6 billion-18.3%
Rainy Day Fund$347 million$2.9 billion-88.0%
State GDP$84.0 billion$75.0 billion+11.9%

Rhode Island per resident

$11,461

Alaska per resident

$19,452

Rhode Island โ€” Spending Composition

Alaska โ€” Spending Composition

Category-wise Allocation โ€” Rhode Island vs Alaska

CategoryRhode IslandAlaskaDifference
1. All Other
$5.2 billion
$6.0 billion
-13.8%
2. Medicaid
$3.0 billion
$2.8 billion
+9.8%
3. Transportation
$777 million
$2.2 billion
-63.9%
4. K-12 Education
$2.1 billion
$2.0 billion
+5.8%
5. Higher Education
$1.4 billion
$930 million
+50.0%
6. Corrections
$289 million
$492 million
-41.3%

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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