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

                                                      Percent           Per
NORTH CAROLINA                               1993 Distribution       capita

Population (thousands)                      6,737           -             -
Total Revenue                          19,373,997       100.0%     2,875.76
  General revenue                      16,366,721        84.5%     2,429.38
    Intergovernmental revenue           4,685,579        24.2%       695.50
    Taxes                               9,753,838        50.3%     1,447.80
      General sales                     2,353,722        12.1%       349.37
      Selective sales                   1,857,947         9.6%       275.78
      License taxes                       613,995         3.2%        91.14
      Individual income                 3,992,016        20.6%       592.55
      Corporation net income              710,658         3.7%       105.49
      Other taxes                         225,500         1.2%        33.47
    Current charges                     1,266,615         6.5%       188.01
    Miscellaneous general revenue         660,689         3.4%        98.07
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               3,007,276        15.5%       446.38

Total Expenditure                      16,915,667       100.0%     2,510.86
  Intergovernmental expenditure         5,419,109        32.0%       804.38
  Direct expenditure                   11,496,558        68.0%     1,706.48
    Current operation                   7,866,160        46.5%     1,167.61
    Capital outlay                      1,318,483         7.8%       195.71
    Insurance benefits and repayments   1,421,024         8.4%       210.93
    Assistance and subsidies              609,701         3.6%        90.50
    Interest on debt                      281,190         1.7%        41.74
Exhibit:  Salaries and wages            2,806,400        16.6%       416.57

Total expenditure                      16,915,667       100.0%     2,510.86
  General expenditure                  15,494,643        91.6%     2,299.93
        Intergovernmental expenditure   5,419,109        32.0%       804.38
        Direct expenditure             10,075,534        59.6%     1,495.55
  General expenditure, by function:                                    0.00
      Education                         6,439,684        38.1%       955.87
      Public welfare                    3,198,211        18.9%       474.72
      Hospitals                           691,506         4.1%       102.64
      Health                              615,288         3.6%        91.33
      Highways                          1,554,923         9.2%       230.80
      Police protection                   158,837         0.9%        23.58
      Correction                          606,274         3.6%        89.99
      Natural resources                   292,837         1.7%        43.47
      Parks and recreation                 38,830         0.2%         5.76
      Governmental administration         482,537         2.9%        71.62
      Interest on general debt            281,190         1.7%        41.74
      Other and unallocable             1,134,526         6.7%       168.40
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,421,024         8.4%       210.93

Debt at end of fiscal year              4,001,678       100.0%       593.99

Cash and Security Holdings             28,998,378       100.0%     4,304.35