MI
Michigan Economy
2026-27
95
Fiscal Score
Caution · Needs Monitoring
Michigan'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
1.00%
Fiscal Deficit / GSDP
RBI Limit: 3%
MetricStateRBI NormStatus
Fiscal Deficit ⓘ
1.00%≤ 3.5%
✓ On Track
Revenue Deficit ⓘ
+2.2%≤ 0%
✓ Surplus
Debt / GSDP ⓘ
15.30%≤ 25%
✓ Sustainable
Interest / Revenue ⓘ
4.9%≤ 15%
✓ Manageable
Live Debt Clock
Estimated accumulation this FY
LIVE
Total Outstanding Debt
$
...
Trillion
Debt per Citizen
$ 9,458
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 2026-27Total Revenue Receipts
$77,000
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 comparisonKey Indicators
Tax RevenueOwn tax + Central share
₹53,900Capital ExpenditureAsset creation
₹15,800Interest PaymentsServicing past debt
₹3,800