A product of thePennsylvania Chamber Foundation

The Budget and Spending category includes measures of the commonwealth’s bond rating, expenditure of state funds as a percentage of the state’s gross product (GSP)*, expenditures of state funds per capita, and the total state debt outstanding as a percentage of state gross product.

* During 2012 to 2014 internal Pennsylvania adjustments led to an approximate doubling of the category “Other State Funds”. This in turn resulted in much higher expenditures as a percentage of gross state product, causing the rank to fall to 37th in 2012, remaining there in 2014. These internal adjustments appear to have changed again for 2015 and, as a result, the commonwealth’s rank returned to its previous position.

  2009 to Most Recent Change Most Recent PA Score Most Recent Median Score Most Recent PA Rank 2009 to Most Recent Change in Rank
Standard and Poor’s Bond Rating N/A AA- 42 N/A
State Expenditures as a Percent of Gross State Product 1.07% 6.49% 7.32% 17 +3
State Expenditures per Capita $807.00 $4,045.00 $4,363.00 21 No change
State Government Debt as a Percent of Gross State Product 1.48% 6.28% 6.13% 27 -1