STATE GOVERNMENT FINANCES
(Amounts are in thousands.  Per capita in dollars.)

                                                      Percent           Per
GEORGIA                                      1992 Distribution       capita

Population (thousands)                      6,623           -             -
Total Revenue                          14,761,090       100.0%     2,228.76
  General revenue                      12,377,277        83.9%     1,868.83
    Intergovernmental revenue           3,770,676        25.5%       569.33
    Taxes                               7,266,981        49.2%     1,097.23
      General sales                     2,687,346        18.2%       405.76
      Selective sales                     815,737         5.5%       123.17
      License taxes                       211,443         1.4%        31.93
      Individual income                 3,081,708        20.9%       465.30
      Corporation net income              375,286         2.5%        56.66
      Other taxes                          95,461         0.6%        14.41
    Current charges                       947,088         6.4%       143.00
    Miscellaneous general revenue         392,532         2.7%        59.27
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,383,813        16.1%       359.93

Total Expenditure                      14,053,580       100.0%     2,121.94
  Intergovernmental expenditure         3,723,502        26.5%       562.21
  Direct expenditure                   10,330,078        73.5%     1,559.73
    Current operation                   7,019,185        49.9%     1,059.82
    Capital outlay                      1,289,662         9.2%       194.72
    Insurance benefits and repayments   1,272,534         9.1%       192.14
    Assistance and subsidies              467,982         3.3%        70.66
    Interest on debt                      280,715         2.0%        42.38
Exhibit:  Salaries and wages            2,387,790        17.0%       360.53

Total expenditure                      14,053,580       100.0%     2,121.94
  General expenditure                  12,781,046        90.9%     1,929.80
        Intergovernmental expenditure   3,723,502        26.5%       562.21
        Direct expenditure              9,057,544        64.5%     1,367.59
  General expenditure, by function:
      Education                         5,184,261        36.9%       782.77
      Public welfare                    3,313,204        23.6%       500.26
      Hospitals                           531,163         3.8%        80.20
      Health                              494,102         3.5%        74.60
      Highways                            875,483         6.2%       132.19
      Police protection                   101,449         0.7%        15.32
      Correction                          601,073         4.3%        90.76
      Natural resources                   244,118         1.7%        36.86
      Parks and recreation                245,869         1.7%        37.12
      Governmental administration         236,694         1.7%        35.74
      Interest on general debt            280,715         2.0%        42.38
      Other and unallocable               672,915         4.8%       101.60
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,272,534         9.1%       192.14

Debt at end of fiscal year              4,470,781       100.0%       675.04

Cash and Security Holdings             20,598,747       100.0%     3,110.18