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

                                                      Percent           Per
PENNSYLVANIA                                 1995 Distribution       capita

Population (thousands)                     12,072           -             -
Total Revenue                          40,015,395       100.0%     3,314.73
  General revenue                      32,772,410        81.9%     2,714.75
    Intergovernmental revenue           9,184,054        23.0%       760.77
    Taxes                              18,262,139        45.6%     1,512.77
      General sales                     5,550,290        13.9%       459.77
      Selective sales                   3,103,095         7.8%       257.05
      License taxes                     1,872,596         4.7%       155.12
      Individual income                 4,929,522        12.3%       408.34
      Corporation net income            1,784,579         4.5%       147.83
      Other taxes                       1,022,057         2.6%        84.66
    Current charges                     3,146,440         7.9%       260.64
    Miscellaneous general revenue       2,179,777         5.4%       180.56
  Utility revenue                               0         0.0%         0.00
  Liquor stores revenue                   676,044         1.7%        56.00
  Insurance trust revenue               6,566,941        16.4%       543.98

Total Expenditure                      39,394,469       100.0%     3,263.29
  Intergovernmental expenditure         9,030,954        22.9%       748.09
  Direct expenditure                   30,363,515        77.1%     2,515.20
    Current operation                  20,493,957        52.0%     1,697.64
    Capital outlay                      1,800,075         4.6%       149.11
    Insurance benefits and repayments   5,128,052        13.0%       424.79
    Assistance and subsidies            1,707,007         4.3%       141.40
    Interest on debt                    1,234,424         3.1%       102.26
Exhibit:  Salaries and wages            4,782,790        12.1%       396.19

Total expenditure                      39,394,469       100.0%     3,263.29
  General expenditure                  33,632,680        85.4%     2,786.01
        Intergovernmental expenditure   9,030,954        22.9%       748.09
        Direct expenditure             24,601,726        62.4%     2,037.92
  General expenditure, by function:
      Education                         9,676,929        24.6%       801.60
      Public welfare                   11,110,757        28.2%       920.37
      Hospitals                         1,644,628         4.2%       136.23
      Health                            1,271,166         3.2%       105.30
      Highways                          2,507,970         6.4%       207.75
      Police protection                   352,860         0.9%        29.23
      Correction                          954,704         2.4%        79.08
      Natural resources                   436,586         1.1%        36.17
      Parks and recreation                 95,745         0.2%         7.93
      Governmental administration       1,104,354         2.8%        91.48
      Interest on general debt          1,234,424         3.1%       102.26
      Other and unallocable             3,242,557         8.2%       268.60
  Utility expenditure                           0         0.0%         0.00
  Liquor stores expenditure               633,737         1.6%        52.50
  Insurance trust expenditure           5,128,052        13.0%       424.79

Debt at end of fiscal year             14,294,000       100.0%     1,184.06

Cash and Security Holdings             54,888,739       100.0%     4,546.78