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

                                                      Percent           Per
HAWAII                                       1994 Distribution       capita

Population (thousands)                      1,179           -             -
Total Revenue                           5,697,740       100.0%     4,832.69
  General revenue                       5,056,910        88.8%     4,289.15
    Intergovernmental revenue           1,096,421        19.2%       929.96
    Taxes                               2,993,378        52.5%     2,538.91
      General sales                     1,332,248        23.4%     1,129.98
      Selective sales                     519,550         9.1%       440.67
      License taxes                        74,892         1.3%        63.52
      Individual income                   962,217        16.9%       816.13
      Corporation net income               68,429         1.2%        58.04
      Other taxes                          36,042         0.6%        30.57
    Current charges                       664,417        11.7%       563.54
    Miscellaneous general revenue         302,694         5.3%       256.74
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue                 640,830        11.2%       543.54

Total Expenditure                       5,805,649       100.0%     4,924.21
  Intergovernmental expenditure           142,404         2.5%       120.78
  Direct expenditure                    5,663,245        97.5%     4,803.43
    Current operation                   3,529,771        60.8%     2,993.87
    Capital outlay                      1,107,253        19.1%       939.15
    Insurance benefits and repayments     544,392         9.4%       461.74
    Assistance and subsidies              205,283         3.5%       174.12
    Interest on debt                      276,546         4.8%       234.56
Exhibit:  Salaries and wages            1,652,092        28.5%     1,401.27

Total expenditure                       5,805,649       100.0%     4,924.21
  General expenditure                   5,260,983        90.6%     4,462.24
        Intergovernmental expenditure     142,404         2.5%       120.78
        Direct expenditure              5,118,579        88.2%     4,341.46
  General expenditure, by function:
      Education                         1,495,992        25.8%     1,268.87
      Public welfare                      717,577        12.4%       608.63
      Hospitals                           211,429         3.6%       179.33
      Health                              310,655         5.4%       263.49
      Highways                            369,981         6.4%       313.81
      Police protection                    11,127         0.2%         9.44
      Correction                          109,208         1.9%        92.63
      Natural resources                   113,101         1.9%        95.93
      Parks and recreation                232,406         4.0%       197.12
      Governmental administration         266,883         4.6%       226.36
      Interest on general debt            276,546         4.8%       234.56
      Other and unallocable             1,146,078        19.7%       972.08
  Utility expenditure                         274         0.0%         0.23
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             544,392         9.4%       461.74

Debt at end of fiscal year              5,145,799       100.0%     4,364.55

Cash and Security Holdings              9,788,872       100.0%     8,302.69