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

                                                      Percent           Per
SOUTH CAROLINA                               1994 Distribution       capita

Population (thousands)                      3,664           -             -
Total Revenue                          11,268,362       100.0%     3,075.43
  General revenue                       9,020,192        80.0%     2,461.84
    Intergovernmental revenue           2,830,146        25.1%       772.42
    Taxes                               4,501,767        40.0%     1,228.65
      General sales                     1,673,303        14.8%       456.69
      Selective sales                     648,776         5.8%       177.07
      License taxes                       370,074         3.3%       101.00
      Individual income                 1,530,996        13.6%       417.85
      Corporation net income              219,052         1.9%        59.78
      Other taxes                          59,566         0.5%        16.26
    Current charges                     1,259,457        11.2%       343.74
    Miscellaneous general revenue         428,822         3.8%       117.04
  Utility revenue                         589,483         5.2%       160.89
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               1,658,687        14.7%       452.70

Total Expenditure                      11,209,055       100.0%     3,059.24
  Intergovernmental expenditure         2,203,683        19.7%       601.44
  Direct expenditure                    9,005,372        80.3%     2,457.80
    Current operation                   6,503,401        58.0%     1,774.95
    Capital outlay                      1,012,402         9.0%       276.31
    Insurance benefits and repayments     894,432         8.0%       244.11
    Assistance and subsidies              246,454         2.2%        67.26
    Interest on debt                      348,683         3.1%        95.16
Exhibit:  Salaries and wages            2,268,124        20.2%       619.03

Total expenditure                      11,209,055       100.0%     3,059.24
  General expenditure                   9,563,160        85.3%     2,610.03
        Intergovernmental expenditure   2,203,683        19.7%       601.44
        Direct expenditure              7,359,477        65.7%     2,008.59
  General expenditure, by function:
      Education                         3,318,830        29.6%       905.79
      Public welfare                    2,343,976        20.9%       639.73
      Hospitals                           616,077         5.5%       168.14
      Health                              739,644         6.6%       201.87
      Highways                            603,010         5.4%       164.58
      Police protection                   106,201         0.9%        28.98
      Correction                          307,319         2.7%        83.88
      Natural resources                   158,455         1.4%        43.25
      Parks and recreation                 39,870         0.4%        10.88
      Governmental administration         241,486         2.2%        65.91
      Interest on general debt            198,929         1.8%        54.29
      Other and unallocable               889,363         7.9%       242.73
  Utility expenditure                     751,463         6.7%       205.09
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure             894,432         8.0%       244.11

Debt at end of fiscal year              4,972,412       100.0%     1,357.10

Cash and Security Holdings             18,190,339       100.0%     4,964.61