Focuses on the Oklahoma 1997-98 fiscal year (FY) educational and general (E&G) primary budget, both revenue and expenditures. The FY98 institutional E&G budget increased by 8.2%, or $75.4 million, to $991.8 million. This increase was a result of: an increase of $45.9 million or 7.9% in state appropriations to institutions; a budgeted fee and tuition revenue increase of $9.2 million or 3.9%; and increases in non-fee revolving fund income of $20.3 million or 20%. The increased funding will make possible systemwide salary increases, 94 new faculty positions, substantial investments in technology enhancements, increased spending for library materials, and a 7% increase in fee and tuition waiver scholarships. The primary functions of instruction, research and public service increased by $39.5 million or 7.4%, while institutional support (central administration) increased by 7.1% and declined from 7.9% to 7.8% of the total. Teaching salaries showed the largest dollar increase at $22.4 million, or 8.2%. Among the objects of expenditure, Professional Services showed the largest percentage increase at 36.7%, although the increase of $1.9 million is only 2.5% of the budget increase. Scholarships increased by 7.7%, up from last year's increase of 6.9%. Use of carryover funds from the previous year declined by 6.9%, from $15.3 million to $14.2 million. (VWC)