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

                                                      Percent           Per
HAWAII                                       1992 Distribution       capita

Population (thousands)                      1,135           -             -
Total Revenue                           5,298,548       100.0%     4,668.32
  General revenue                       4,567,848        86.2%     4,024.54
    Intergovernmental revenue             848,559        16.0%       747.63
    Taxes                               2,709,518        51.1%     2,387.24
      General sales                     1,294,723        24.4%     1,140.73
      Selective sales                     364,770         6.9%       321.38
      License taxes                        54,831         1.0%        48.31
      Individual income                   906,982        17.1%       799.10
      Corporation net income               67,768         1.3%        59.71
      Other taxes                          20,444         0.4%        18.01
    Current charges                       673,379        12.7%       593.29
    Miscellaneous general revenue         336,392         6.3%       296.38
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue                 730,700        13.8%       643.79

Total Expenditure                       5,301,336       100.0%     4,670.78
  Intergovernmental expenditure           127,640         2.4%       112.46
  Direct expenditure                    5,173,696        97.6%     4,558.32
    Current operation                   3,123,408        58.9%     2,751.90
    Capital outlay                      1,225,593        23.1%     1,079.82
    Insurance benefits and repayments     398,710         7.5%       351.29
    Assistance and subsidies              149,441         2.8%       131.67
    Interest on debt                      276,544         5.2%       243.65
Exhibit:  Salaries and wages            1,518,237        28.6%     1,337.65

Total expenditure                       5,301,336       100.0%     4,670.78
  General expenditure                   4,902,626        92.5%     4,319.49
        Intergovernmental expenditure     127,640         2.4%       112.46
        Direct expenditure              4,774,986        90.1%     4,207.04
  General expenditure, by function:
      Education                         1,344,015        25.4%     1,184.15
      Public welfare                      597,925        11.3%       526.81
      Hospitals                           183,888         3.5%       162.02
      Health                              226,619         4.3%       199.66
      Highways                            359,249         6.8%       316.52
      Police protection                     8,503         0.2%         7.49
      Correction                          104,655         2.0%        92.21
      Natural resources                   121,579         2.3%       107.12
      Parks and recreation                101,893         1.9%        89.77
      Governmental administration         280,922         5.3%       247.51
      Interest on general debt            276,544         5.2%       243.65
      Other and unallocable             1,296,834        24.5%     1,142.59
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             398,710         7.5%       351.29

Debt at end of fiscal year              4,686,763       100.0%     4,129.31

Cash and Security Holdings              8,915,265       100.0%     7,854.86