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

                                                      Percent           Per
RHODE ISLAND                                 1993 Distribution       capita

Population (thousands)                      1,004           -             -
Total Revenue                           3,847,825       100.0%     3,832.50
  General revenue                       3,100,580        80.6%     3,088.23
    Intergovernmental revenue             973,528        25.3%       969.65
    Taxes                               1,432,977        37.2%     1,427.27
      General sales                       413,000        10.7%       411.35
      Selective sales                     349,934         9.1%       348.54
      License taxes                        77,169         2.0%        76.86
      Individual income                   497,235        12.9%       495.25
      Corporation net income               69,846         1.8%        69.57
      Other taxes                          25,793         0.7%        25.69
    Current charges                       243,787         6.3%       242.82
    Miscellaneous general revenue         450,288        11.7%       448.49
  Utility revenue                           7,032         0.2%         7.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue                 740,213        19.2%       737.26

Total Expenditure                       3,979,032       100.0%     3,963.18
  Intergovernmental expenditure           483,816        12.2%       481.89
  Direct expenditure                    3,495,216        87.8%     3,481.29
    Current operation                   2,007,652        50.5%     1,999.65
    Capital outlay                        401,279        10.1%       399.68
    Insurance benefits and repayments     598,438        15.0%       596.05
    Assistance and subsidies              167,427         4.2%       166.76
    Interest on debt                      320,420         8.1%       319.14
Exhibit:  Salaries and wages              652,146        16.4%       649.55

Total expenditure                       3,979,032       100.0%     3,963.18
  General expenditure                   3,341,983        84.0%     3,328.67
        Intergovernmental expenditure     483,816        12.2%       481.89
        Direct expenditure              2,858,167        71.8%     2,846.78
  General expenditure, by function:
      Education                           845,448        21.2%       842.08
      Public welfare                      885,603        22.3%       882.07
      Hospitals                            75,568         1.9%        75.27
      Health                              176,159         4.4%       175.46
      Highways                            209,084         5.3%       208.25
      Police protection                    28,396         0.7%        28.28
      Correction                          107,217         2.7%       106.79
      Natural resources                    27,999         0.7%        27.89
      Parks and recreation                 84,200         2.1%        83.86
      Governmental administration         168,153         4.2%       167.48
      Interest on general debt            320,205         8.0%       318.93
      Other and unallocable               413,951        10.4%       412.30
  Utility expenditure                      38,611         1.0%        38.46
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             598,438        15.0%       596.05

Debt at end of fiscal year              4,997,034       100.0%     4,977.13

Cash and Security Holdings              6,276,518       100.0%     6,251.51