Figure 5: Legislative leaders hold spending low in 2023-2025 budget, aligned with arbitrary spending cap
North Carolina General Fund spending as a share of the state's economy
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.
