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Iowa vs Montana Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Iowa vs Montana

Total Expenditure

Iowa

$31.6 billion

Montana

$10.0 billion

Iowa is 215.3% higher
General Fund

Iowa

$8.6 billion

Montana

$3.3 billion

Iowa is 156.4% higher
Total Revenue

Iowa

โ€”

Montana

โ€”

Not comparable
General Fund Revenue

Iowa

$9.8 billion

Montana

$3.3 billion

Iowa is 193.7% higher
Rainy Day Fund

Iowa

$961 million

Montana

$522 million

Iowa is 84.1% higher
State GDP

Iowa

$277.1 billion

Montana

$82.4 billion

Iowa is 236.5% higher

Receipts & Expenditure Comparison

ParticularsIowaMontanaDifference
Total Expenditure (all funds)$31.6 billion$10.0 billion+215.3%
General Fund Expenditure$8.6 billion$3.3 billion+156.4%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$9.8 billion$3.3 billion+193.7%
Rainy Day Fund$961 million$522 million+84.1%
State GDP$277.1 billion$82.4 billion+236.5%

Iowa per resident

$9,762

Montana per resident

$8,755

Iowa โ€” Spending Composition

Montana โ€” Spending Composition

Category-wise Allocation โ€” Iowa vs Montana

CategoryIowaMontanaDifference
1. Medicaid
$9.2 billion
$2.3 billion
+293.9%
2. Higher Education
$8.0 billion
$770 million
+934.2%
3. All Other
$6.5 billion
$4.1 billion
+57.5%
4. K-12 Education
$5.0 billion
$1.3 billion
+274.1%
5. Transportation
$2.5 billion
$1.2 billion
+108.4%
6. Corrections
$532 million
$282 million
+88.7%

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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