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

                                                      Percent           Per
MASSACHUSETTS                                1993 Distribution       capita

Population (thousands)                      5,996           -             -
Total Revenue                          21,584,263       100.0%     3,599.78
  General revenue                      19,343,370        89.6%     3,226.05
    Intergovernmental revenue           5,066,717        23.5%       845.02
    Taxes                              10,383,445        48.1%     1,731.73
      General sales                     2,124,164         9.8%       354.26
      Selective sales                   1,173,207         5.4%       195.66
      License taxes                       449,249         2.1%        74.92
      Individual income                 5,374,911        24.9%       896.42
      Corporation net income              959,332         4.4%       160.00
      Other taxes                         302,582         1.4%        50.46
    Current charges                     1,511,287         7.0%       252.05
    Miscellaneous general revenue       2,381,921        11.0%       397.25
  Utility revenue                          61,752         0.3%        10.30
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,179,141        10.1%       363.43

Total Expenditure                      21,556,575       100.0%     3,595.16
  Intergovernmental expenditure         4,286,839        19.9%       714.95
  Direct expenditure                   17,269,736        80.1%     2,880.21
    Current operation                  10,594,354        49.1%     1,766.90
    Capital outlay                      1,865,585         8.7%       311.14
    Insurance benefits and repayments   2,338,316        10.8%       389.98
    Assistance and subsidies              995,016         4.6%       165.95
    Interest on debt                    1,476,465         6.8%       246.24
Exhibit:  Salaries and wages            2,832,063        13.1%       472.33

Total expenditure                      21,556,575       100.0%     3,595.16
  General expenditure                  19,106,929        88.6%     3,186.61
        Intergovernmental expenditure   4,286,839        19.9%       714.95
        Direct expenditure             14,820,090        68.7%     2,471.66
  General expenditure, by function:
      Education                         3,543,558        16.4%       590.99
      Public welfare                    5,424,970        25.2%       904.76
      Hospitals                           760,360         3.5%       126.81
      Health                              974,112         4.5%       162.46
      Highways                          1,256,283         5.8%       209.52
      Police protection                   172,431         0.8%        28.76
      Correction                          681,066         3.2%       113.59
      Natural resources                   131,578         0.6%        21.94
      Parks and recreation                 83,706         0.4%        13.96
      Governmental administration         876,213         4.1%       146.13
      Interest on general debt          1,463,896         6.8%       244.15
      Other and unallocable             3,738,756        17.3%       623.54
  Utility expenditure                     111,330         0.5%        18.57
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           2,338,316        10.8%       389.98

Debt at end of fiscal year             25,415,253       100.0%     4,238.70

Cash and Security Holdings             23,656,941       100.0%     3,945.45