United States vs North Carolina Budget FY2023
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ United States vs North Carolina
United States
$6.13 trillion
North Carolina
$63.9 billion
United States
โ
North Carolina
$26.8 billion
United States
$4.44 trillion
North Carolina
$81.1 billion
United States
โ
North Carolina
$33.5 billion
United States
โ
North Carolina
$4.8 billion
United States
$27.40 trillion
North Carolina
$893.8 billion
Receipts & Expenditure Comparison
| Particulars | United States | North Carolina | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $6.13 trillion | $63.9 billion | +9506.1% |
| General Fund Expenditure | โ | $26.8 billion | โ |
| Total Revenue | $4.44 trillion | $81.1 billion | +5378.3% |
| General Fund Revenue | โ | $33.5 billion | โ |
| Rainy Day Fund | โ | $4.8 billion | โ |
| State GDP | $27.40 trillion | $893.8 billion | +2965.5% |
| Deficit (% of GDP) | 6.18% | โ% | โ |
| Debt-to-GDP Ratio | 95.76% | โ% | โ |
United States โ Spending Composition
North Carolina โ Spending Composition
Category-wise Allocation โ United States vs North Carolina
| Category | United States | North Carolina | Difference |
|---|---|---|---|
1. Social Security | $1.35 trillion | $0 million | โ |
2. All Other | $1.07 trillion | $6.6 billion | +16163.6% |
3. Medicare | $1.02 trillion | $0 million | โ |
4. National Defense | $806.2 billion | $0 million | โ |
5. Net Interest | $658.3 billion | $0 million | โ |
6. Medicaid | $615.8 billion | $19.9 billion | +2995.1% |
7. Income Security | $448.1 billion | $0 million | โ |
8. Veterans Benefits | $170.4 billion | $0 million | โ |
9. K-12 Education | $0 million | $16.6 billion | -100.0% |
10. Higher Education | $0 million | $11.1 billion | -100.0% |
11. Transportation | $0 million | $7.6 billion | -100.0% |
12. Corrections | $0 million | $2.2 billion | -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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