The chart shows 50 years of North Carolina's budget spending as a share of the economy. The conference budget for fiscal year 2023-2024 represents 4.9 percent of the state’s economy while the budget for 2024-2025 represents 5.0 percent of the economy.

Legislative leaders hold spending low in final NC budget, aligned with arbitrary spending cap

NC General Fund spending as a share of the state's economy

Chart: NC Budget & Tax CenterSource: NC Budget & Tax Center analysis of 2023 Session Conference Committee Substitute of House Bill 259 and prior enacted budgets, U.S. Bureau of Economic Analysis​ Get the dataEmbedDownload imageCreated with Datawrapper