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|