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South Carolina vs Georgia Budget FY2024

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” South Carolina vs Georgia

Total Expenditure

South Carolina

$40.2 billion

Georgia

$76.4 billion

South Carolina is 47.3% lower
General Fund

South Carolina

$14.2 billion

Georgia

$34.6 billion

South Carolina is 59.0% lower
Total Revenue

South Carolina

โ€”

Georgia

$67.2 billion

Not comparable
General Fund Revenue

South Carolina

$13.7 billion

Georgia

$36.4 billion

South Carolina is 62.4% lower
Rainy Day Fund

South Carolina

$1.2 billion

Georgia

$5.5 billion

South Carolina is 78.7% lower
State GDP

South Carolina

$350.0 billion

Georgia

$924.8 billion

South Carolina is 62.2% lower

Receipts & Expenditure Comparison

ParticularsSouth CarolinaGeorgiaDifference
Total Expenditure (all funds)$40.2 billion$76.4 billion-47.3%
General Fund Expenditure$14.2 billion$34.6 billion-59.0%
Total Revenueโ€”$67.2 billionโ€”
General Fund Revenue$13.7 billion$36.4 billion-62.4%
Rainy Day Fund$1.2 billion$5.5 billion-78.7%
State GDP$350.0 billion$924.8 billion-62.2%

South Carolina per resident

$7,224

Georgia per resident

$6,759

South Carolina โ€” Spending Composition

Georgia โ€” Spending Composition

Category-wise Allocation โ€” South Carolina vs Georgia

CategorySouth CarolinaGeorgiaDifference
1. All Other
$10.2 billion
$20.2 billion
-49.3%
2. K-12 Education
$7.8 billion
$18.3 billion
-57.3%
3. Medicaid
$10.5 billion
$17.6 billion
-40.3%
4. Higher Education
$7.6 billion
$12.4 billion
-38.6%
5. Transportation
$3.1 billion
$5.7 billion
-45.9%
6. Corrections
$972 million
$2.2 billion
-56.0%

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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