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Minnesota vs Washington Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Minnesota vs Washington

Total Expenditure

Minnesota

$63.5 billion

Washington

$74.7 billion

Minnesota is 15.0% lower
General Fund

Minnesota

$35.3 billion

Washington

$32.4 billion

Minnesota is 8.9% higher
Total Revenue

Minnesota

โ€”

Washington

โ€”

Not comparable
General Fund Revenue

Minnesota

$30.3 billion

Washington

$31.1 billion

Minnesota is 2.5% lower
Rainy Day Fund

Minnesota

$6.4 billion

Washington

$1.8 billion

Minnesota is 263.2% higher
State GDP

Minnesota

$531.5 billion

Washington

$895.0 billion

Minnesota is 40.6% lower

Receipts & Expenditure Comparison

ParticularsMinnesotaWashingtonDifference
Total Expenditure (all funds)$63.5 billion$74.7 billion-15.0%
General Fund Expenditure$35.3 billion$32.4 billion+8.9%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$30.3 billion$31.1 billion-2.5%
Rainy Day Fund$6.4 billion$1.8 billion+263.2%
State GDP$531.5 billion$895.0 billion-40.6%

Minnesota per resident

$10,887

Washington per resident

$9,333

Minnesota โ€” Spending Composition

Washington โ€” Spending Composition

Category-wise Allocation โ€” Minnesota vs Washington

CategoryMinnesotaWashingtonDifference
1. All Other
$22.1 billion
$20.7 billion
+6.7%
2. Medicaid
$19.1 billion
$19.6 billion
-2.3%
3. K-12 Education
$13.9 billion
$18.5 billion
-25.2%
4. Higher Education
$2.2 billion
$9.6 billion
-77.1%
5. Transportation
$5.4 billion
$4.7 billion
+16.4%
6. Corrections
$805 million
$1.7 billion
-52.0%

Compare Another Fiscal Year

FY2025FY2024FY2023FY2022FY2021

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.

Explore more budget data

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