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Virginia vs Washington Budget FY2024

Spending, revenue and category allocations compared side by side.

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Key Budget Metrics โ€” Virginia vs Washington

Total Expenditure

Virginia

$84.0 billion

Washington

$74.7 billion

Virginia is 12.5% higher
General Fund

Virginia

$29.6 billion

Washington

$32.4 billion

Virginia is 8.8% lower
Total Revenue

Virginia

โ€”

Washington

โ€”

Not comparable
General Fund Revenue

Virginia

$32.6 billion

Washington

$31.1 billion

Virginia is 4.8% higher
Rainy Day Fund

Virginia

$4.7 billion

Washington

$1.8 billion

Virginia is 165.3% higher
State GDP

Virginia

$798.4 billion

Washington

$895.0 billion

Virginia is 10.8% lower

Receipts & Expenditure Comparison

ParticularsVirginiaWashingtonDifference
Total Expenditure (all funds)$84.0 billion$74.7 billion+12.5%
General Fund Expenditure$29.6 billion$32.4 billion-8.8%
Total Revenueโ€”โ€”โ€”
General Fund Revenue$32.6 billion$31.1 billion+4.8%
Rainy Day Fund$4.7 billion$1.8 billion+165.3%
State GDP$798.4 billion$895.0 billion-10.8%

Virginia per resident

$9,458

Washington per resident

$9,333

Virginia โ€” Spending Composition

Washington โ€” Spending Composition

Category-wise Allocation โ€” Virginia vs Washington

CategoryVirginiaWashingtonDifference
1. All Other
$27.5 billion
$20.7 billion
+32.9%
2. Medicaid
$21.6 billion
$19.6 billion
+10.4%
3. K-12 Education
$12.8 billion
$18.5 billion
-30.8%
4. Higher Education
$10.7 billion
$9.6 billion
+12.0%
5. Transportation
$9.7 billion
$4.7 billion
+108.0%
6. Corrections
$1.7 billion
$1.7 billion
-0.4%

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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