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Tennessee vs Arkansas Budget FY2021

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Tennessee vs Arkansas

Total Expenditure

Tennessee

$40.1 billion

Arkansas

$31.0 billion

Tennessee is 29.0% higher
General Fund

Tennessee

$14.4 billion

Arkansas

$5.5 billion

Tennessee is 164.8% higher
Total Revenue

Tennessee

โ€”

Arkansas

โ€”

Not comparable
General Fund Revenue

Tennessee

$18.4 billion

Arkansas

$6.8 billion

Tennessee is 168.6% higher
Rainy Day Fund

Tennessee

$1.4 billion

Arkansas

$210 million

Tennessee is 590.5% higher
State GDP

Tennessee

$589.8 billion

Arkansas

$198.4 billion

Tennessee is 197.3% higher

Receipts & Expenditure Comparison

ParticularsTennesseeArkansasDifference
Total Expenditure (all funds)$40.1 billion$31.0 billion+29.0%
General Fund Expenditure$14.4 billion$5.5 billion+164.8%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$18.4 billion$6.8 billion+168.6%
Rainy Day Fund$1.4 billion$210 million+590.5%
State GDP$589.8 billion$198.4 billion+197.3%

Tennessee per resident

$5,476

Arkansas per resident

$9,968

Tennessee โ€” Spending Composition

Arkansas โ€” Spending Composition

Category-wise Allocation โ€” Tennessee vs Arkansas

CategoryTennesseeArkansasDifference
1. Medicaid
$12.9 billion
$8.1 billion
+59.2%
2. All Other
$12.3 billion
$11.9 billion
+3.6%
3. K-12 Education
$7.1 billion
$4.0 billion
+78.4%
4. Higher Education
$5.0 billion
$3.8 billion
+31.7%
5. Transportation
$1.7 billion
$2.0 billion
-15.1%
6. Corrections
$1.0 billion
$517 million
+99.2%
7. Public Assistance
$47 million
$798 million
-94.1%

Compare Another Fiscal Year

FY2026FY2025FY2024FY2023FY2022FY2021

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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