STATE GOVERNMENT FINANCES: 1998


                                                    Amount          Percent            Per
North Carolina                              (in thousands)     Distribution         capita

Population (thousands)                               7,546                                
Total Revenue                                   33,326,975           100.00       4,416.22
  General revenue                               23,949,838            71.86       3,173.64
    Intergovernmental revenue                    6,817,303            20.46         903.37
    Taxes                                       13,869,426            41.62       1,837.86
      General sales                              3,272,774             9.82         433.68
      Selective sales                            2,462,388             7.39         326.30
      License taxes                                841,745             2.53         111.54
      Individual income tax                      6,124,709            18.38         811.60
      Corporate income tax                         999,759             3.00         132.48
      Other taxes                                  168,051             0.50          22.27
    Current charges                              1,980,082             5.94         262.38
    Miscellaneous general revenue                1,283,027             3.85         170.02
  Utility revenue                                        0             0.00           0.00
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                        9,377,137            28.14       1,242.58
                                                                                          
Total expenditure                               24,604,942           100.00       3,260.45
  Intergovernmental expenditure                  7,928,480            32.22       1,050.62
  Direct expenditure                            16,676,462            67.78       2,209.83
    Current operation                           11,756,082            47.78       1,557.82
    Capital outlay                               2,073,446             8.43         274.76
    Insurance benefits and repayments            1,934,317             7.86         256.32
    Assistance and subsidies                       527,132             2.14          69.85
    Interest on debt                               385,485             1.57          51.08
Exhibit: Salaries and wages                      4,204,380            17.09         557.13
                                                                                          
Total expenditure                               24,604,942           100.00       3,260.45
  General expenditure                           22,670,625            92.14       3,004.13
    Intergovernmental expenditure                7,928,480            32.22       1,050.62
    Direct expenditure                          14,742,145            59.92       1,953.51
  General expenditure, by function:                                                       
    Education                                    9,495,500            38.59       1,258.27
    Public welfare                               4,885,953            19.86         647.45
    Hospitals                                      829,645             3.37         109.94
    Health                                         961,591             3.91         127.42
    Highways                                     2,075,677             8.44         275.05
    Police protection                              255,059             1.04          33.80
    Correction                                     980,517             3.99         129.93
    Natural resources                              451,922             1.84          59.89
    Parks and recreation                           135,465             0.55          17.95
    Governmental administration                    624,280             2.54          82.72
    Interest on general debt                       385,485             1.57          51.08
    Other and unallocable                        1,589,531             6.46         210.63
  Utility expenditure                                    0             0.00           0.00
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                    1,934,317             7.86         256.32
                                                                                          
  Debt at end of fiscal year                     6,877,271           100.00         911.32
                                                                                          
  Cash and security holdings                    59,152,652           100.00       7,838.43