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State

New Jersey Debt Clock

New Jersey runs a FY2025 budget of about $101.2B, with federal aid covering 29.01% and pharmaceuticals leading roughly $45B in exports.

Northeast pensions, transit, tax-base durability, and debt-service discipline FY2025 NASBO Table 1 and the U.S. State Fiscal & Export Data 2025 workbook.
Back to U.S. Ledger FAQ Downloads Methodology

I. FY2025 Fiscal Pace

NASBO Table 1 · FY2025 state fiscal snapshot
Total Budget Pace
General Fund Pace
Federal Aid Pace
Other State Funds Pace
Bond Financing Pace
Federal Aid Share 29.01%
General Fund Share 55.86%

II. Trade and Economic Weight

U.S. State Fiscal & Export Data 2025 workbook
Export Pace
Top Export Product Pharmaceuticals
Share of U.S. Exports 2.06%
Share of U.S. GDP 2.8%
Federal Aid Rank #35
Export Value Rank #12
GDP Share Rank #10
Export / Budget Multiple 0.44x
FY2025 state lens

New Jersey

New Jersey runs a FY2025 budget of about $101.2B, with federal aid covering 29.01% and pharmaceuticals leading roughly $45B in exports.

  • Federal aid covers 29.01% of the FY2025 plan, keeping the state in the middle band of dependency.
  • Pharmaceuticals leads the export lane, which still accounts for 2.06% of all U.S. exports.
  • Bond financing contributes $1.7B to the capital mix while the state carries 2.8% of U.S. GDP.
Source and pace note

How to read the moving state numbers

The moving dollar rows on this page express FY2025 budget and export totals as a per-second pace rail, while the percentages, products, and ranks stay fixed to the published state comparison table. That gives you motion without losing the official fiscal snapshot behind it.

Why this page matters in the U.S. ledger

New Jersey now stays anchored to FY2025 budget, federal aid, export, and GDP-share data, so this state page behaves like a real fiscal watch surface instead of a placeholder card.

Northeast pensions, transit, tax-base durability, and debt-service discipline
What this page adds

Built for a quick read and a deeper one

The U.S. surface is built to give you the big number fast and the explanation right after it. Every page adds enough context to help you understand what you are seeing instead of leaving you with a label alone.