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Utah vs North Carolina Budget FY2022

Spending, revenue and category allocations compared side by side.

Key Budget Metrics โ€” Utah vs North Carolina

Total Expenditure

Utah

$20.9 billion

North Carolina

$63.4 billion

Utah is 67.0% lower
General Fund

Utah

$10.1 billion

North Carolina

$25.8 billion

Utah is 60.9% lower
Total Revenue

Utah

โ€”

North Carolina

$83.7 billion

Not comparable
General Fund Revenue

Utah

$11.5 billion

North Carolina

$33.2 billion

Utah is 65.3% lower
Rainy Day Fund

Utah

$1.2 billion

North Carolina

$3.1 billion

Utah is 61.9% lower
State GDP

Utah

$316.0 billion

North Carolina

$893.8 billion

Utah is 64.6% lower

Receipts & Expenditure Comparison

ParticularsUtahNorth CarolinaDifference
Total Expenditure (all funds)$20.9 billion$63.4 billion-67.0%
General Fund Expenditure$10.1 billion$25.8 billion-60.9%
Total Revenueโ€”$83.7 billionโ€”
General Fund Revenue$11.5 billion$33.2 billion-65.3%
Rainy Day Fund$1.2 billion$3.1 billion-61.9%
State GDP$316.0 billion$893.8 billion-64.6%

Utah per resident

$5,904

North Carolina per resident

$5,659

Utah โ€” Spending Composition

North Carolina โ€” Spending Composition

Category-wise Allocation โ€” Utah vs North Carolina

CategoryUtahNorth CarolinaDifference
1. Medicaid
$4.5 billion
$20.2 billion
-77.8%
2. K-12 Education
$5.2 billion
$16.9 billion
-69.2%
3. Higher Education
$2.6 billion
$11.3 billion
-76.9%
4. Transportation
$1.8 billion
$6.7 billion
-72.9%
5. All Other
$6.3 billion
$6.1 billion
+3.2%
6. Corrections
$463 million
$2.0 billion
-77.2%
7. Public Assistance
$51 million
$143 million
-64.3%

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.

Explore more budget data

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