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North Carolina vs Utah Budget FY2021

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” North Carolina vs Utah

Total Expenditure

North Carolina

$52.5 billion

Utah

$19.8 billion

North Carolina is 165.4% higher
General Fund

North Carolina

$24.0 billion

Utah

$8.5 billion

North Carolina is 181.9% higher
Total Revenue

North Carolina

โ€”

Utah

โ€”

Not comparable
General Fund Revenue

North Carolina

$29.7 billion

Utah

$10.1 billion

North Carolina is 195.0% higher
Rainy Day Fund

North Carolina

$2.0 billion

Utah

$887 million

North Carolina is 123.4% higher
State GDP

North Carolina

$893.8 billion

Utah

$316.0 billion

North Carolina is 182.9% higher

Receipts & Expenditure Comparison

ParticularsNorth CarolinaUtahDifference
Total Expenditure (all funds)$52.5 billion$19.8 billion+165.4%
General Fund Expenditure$24.0 billion$8.5 billion+181.9%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$29.7 billion$10.1 billion+195.0%
Rainy Day Fund$2.0 billion$887 million+123.4%
State GDP$893.8 billion$316.0 billion+182.9%

North Carolina per resident

$4,687

Utah per resident

$5,588

North Carolina โ€” Spending Composition

Utah โ€” Spending Composition

Category-wise Allocation โ€” North Carolina vs Utah

CategoryNorth CarolinaUtahDifference
1. Medicaid
$17.2 billion
$3.9 billion
+338.9%
2. K-12 Education
$13.5 billion
$4.8 billion
+181.6%
3. Higher Education
$10.7 billion
$2.4 billion
+337.3%
4. All Other
$3.2 billion
$6.0 billion
-47.2%
5. Transportation
$5.7 billion
$1.7 billion
+230.1%
6. Corrections
$2.1 billion
$813 million
+153.6%
7. Public Assistance
$152 million
$49 million
+210.2%

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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