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

                                                      Percent           Per
GEORGIA                                      1993 Distribution       capita

Population (thousands)                      6,623           -             -
Total Revenue                          16,564,725       100.0%     2,501.09
  General revenue                      14,076,759        85.0%     2,125.44
    Intergovernmental revenue           4,392,661        26.5%       663.24
    Taxes                               8,150,457        49.2%     1,230.63
      General sales                     2,979,769        18.0%       449.91
      Selective sales                     875,703         5.3%       132.22
      License taxes                       329,972         2.0%        49.82
      Individual income                 3,389,921        20.5%       511.84
      Corporation net income              470,710         2.8%        71.07
      Other taxes                         104,382         0.6%        15.76
    Current charges                     1,116,743         6.7%       168.62
    Miscellaneous general revenue         416,898         2.5%        62.95
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,487,966        15.0%       375.66

Total Expenditure                      15,308,038       100.0%     2,311.35
  Intergovernmental expenditure         4,120,627        26.9%       622.17
  Direct expenditure                   11,187,411        73.1%     1,689.18
    Current operation                   7,758,811        50.7%     1,171.49
    Capital outlay                      1,350,311         8.8%       203.88
    Insurance benefits and repayments   1,246,954         8.1%       188.28
    Assistance and subsidies              514,147         3.4%        77.63
    Interest on debt                      317,188         2.1%        47.89
Exhibit:  Salaries and wages            2,684,196        17.5%       405.28

Total expenditure                      15,308,038       100.0%     2,311.35
  General expenditure                  14,061,084        91.9%     2,123.07
        Intergovernmental expenditure   4,120,627        26.9%       622.17
        Direct expenditure              9,940,457        64.9%     1,500.90
  General expenditure, by function:
      Education                         5,745,687        37.5%       867.54
      Public welfare                    3,684,663        24.1%       556.34
      Hospitals                           569,756         3.7%        86.03
      Health                              517,091         3.4%        78.08
      Highways                          1,030,699         6.7%       155.62
      Police protection                   108,951         0.7%        16.45
      Correction                          604,649         3.9%        91.30
      Natural resources                   277,915         1.8%        41.96
      Parks and recreation                175,746         1.1%        26.54
      Governmental administration         268,564         1.8%        40.55
      Interest on general debt            317,188         2.1%        47.89
      Other and unallocable               760,904         5.0%       114.89
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,246,954         8.1%       188.28

Debt at end of fiscal year              4,518,709       100.0%       682.28

Cash and Security Holdings             22,485,364       100.0%     3,395.04