United States vs Iowa Budget FY2021
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ United States vs Iowa
United States
$6.82 trillion
Iowa
$28.5 billion
United States
โ
Iowa
$7.8 billion
United States
$4.05 trillion
Iowa
โ
United States
โ
Iowa
$8.8 billion
United States
โ
Iowa
$801 million
United States
$23.04 trillion
Iowa
$277.1 billion
Receipts & Expenditure Comparison
| Particulars | United States | Iowa | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $6.82 trillion | $28.5 billion | +23820.0% |
| General Fund Expenditure | โ | $7.8 billion | โ |
| Total Revenue | $4.05 trillion | โ | โ |
| General Fund Revenue | โ | $8.8 billion | โ |
| Rainy Day Fund | โ | $801 million | โ |
| State GDP | $23.04 trillion | $277.1 billion | +8215.8% |
| Deficit (% of GDP) | 12.04% | โ% | โ |
| Debt-to-GDP Ratio | 96.70% | โ% | โ |
United States โ Spending Composition
Iowa โ Spending Composition
Category-wise Allocation โ United States vs Iowa
| Category | United States | Iowa | Difference |
|---|---|---|---|
1. All Other | $1.71 trillion | $8.0 billion | +21193.8% |
2. Income Security | $1.38 trillion | $0 million | โ |
3. Social Security | $1.13 trillion | $0 million | โ |
4. Medicare | $867.7 billion | $0 million | โ |
5. National Defense | $741.6 billion | $0 million | โ |
6. Medicaid | $520.6 billion | $6.6 billion | +7766.2% |
7. Net Interest | $352.3 billion | $0 million | โ |
8. Veterans Benefits | $125.1 billion | $0 million | โ |
9. Higher Education | $0 million | $6.6 billion | -100.0% |
10. K-12 Education | $0 million | $4.4 billion | -100.0% |
11. Transportation | $0 million | $2.3 billion | -100.0% |
12. Corrections | $0 million | $467 million | -100.0% |
13. Public Assistance | $0 million | $92 million | -100.0% |
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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