South Carolina vs Arkansas Budget FY2023
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ South Carolina vs Arkansas
South Carolina
$38.8 billion
Arkansas
$33.5 billion
South Carolina
$12.1 billion
Arkansas
$5.9 billion
South Carolina
โ
Arkansas
โ
South Carolina
$13.1 billion
Arkansas
$7.2 billion
South Carolina
$842 million
Arkansas
$1.5 billion
South Carolina
$350.0 billion
Arkansas
$198.4 billion
Receipts & Expenditure Comparison
| Particulars | South Carolina | Arkansas | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $38.8 billion | $33.5 billion | +15.8% |
| General Fund Expenditure | $12.1 billion | $5.9 billion | +104.1% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $13.1 billion | $7.2 billion | +82.2% |
| Rainy Day Fund | $842 million | $1.5 billion | -45.0% |
| State GDP | $350.0 billion | $198.4 billion | +76.4% |
South Carolina per resident
$6,957
Arkansas per resident
$10,739
South Carolina โ Spending Composition
Arkansas โ Spending Composition
Category-wise Allocation โ South Carolina vs Arkansas
| Category | South Carolina | Arkansas | Difference |
|---|---|---|---|
1. All Other | $12.3 billion | $11.6 billion | +5.3% |
2. Medicaid | $10.5 billion | $9.8 billion | +7.7% |
3. K-12 Education | $7.2 billion | $4.5 billion | +58.3% |
4. Higher Education | $6.9 billion | $4.8 billion | +44.8% |
5. Transportation | $2.9 billion | $2.2 billion | +28.8% |
6. Corrections | $944 million | $514 million | +83.7% |
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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