California Economy
2026-27

Capital: Sacramento · Western United States · FY 2026-27 Budget Estimates

Fiscal Score

Caution · Needs Monitoring

Gross State Domestic Product $4,100,000 Trillion (Est)

Revenue Receipts $295,000 Trillion

Total Expenditure $332,000 Trillion

Population (Est) 39.4 M Citizens

California's finances need careful watching.

The state is spending slightly more than recommended, which is causing its debt to grow. While not in immediate danger, the government needs to find ways to increase its daily income or reduce extra costs to stay safe.

Fiscal Matrix

vs Average US State Deficit (3%)

Caution

4.50% Fiscal Deficit / GSDP

RBI Limit: 3%

Fiscal Deficit ⓘ 4.50%≤ 3.5% ✕ Exceeded

Revenue Deficit ⓘ +0.7%≤ 0% ✓ Surplus

Debt / GSDP ⓘ 13.70%≤ 25% ✓ Sustainable

Interest / Revenue ⓘ 4.6%≤ 15% ✓ Manageable

Live Debt Clock

Estimated accumulation this FY

LIVE

Total Outstanding Debt

$ ... Trillion

Debt per Citizen

$ 14,202

Detailed debt composition (internal/central/other) is not available at the state level in the current dataset. Refer to the RBI State Finances report for a full breakdown.

Formula: Base Debt + (Fiscal Deficit ÷ 365 × Days Elapsed)

Revenue vs Expenditure

FY 2026-27 Budget Estimates

Based on FY 2026-27 Budget Estimates only. Historical actuals are not included in the current dataset.

Revenue Receipts

FY 2026-27

Total Revenue Receipts

$295,000

Trillion

Revenue composition (own tax, central transfers, non-tax) varies significantly by state and is not available in the current dataset. Refer to the RBI State Finances report for a detailed breakdown.

State vs National Avg

Key ratio comparison

Fiscal Deficit

4.50% | Avg: 1.2%

Debt / GSDP

13.70% | Avg: 8.9%

Key Indicators

Tax RevenueOwn tax + Central share

₹206,500

Capital ExpenditureAsset creation

₹66,400

Interest PaymentsServicing past debt

₹13,500

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California Economy2026-27