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5519.0.55.001 - Government Finance Statistics, Australia, September Quarter 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2012   
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SEPTEMBER QUARTER 2012 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the September quarter 2012:

  • Taxation revenue decreased 16.3% to $92,456m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$17,418m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$19,754m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Jun Qtr 2012
Sep Qtr 2012
Jun Qtr 2012 to
Sep Qtr 2012
$m
$m
% change

Current Prices
Taxation revenue
General government
110 486
92 456
–16.3
Total revenue
General government
136 852
115 114
–15.9
Public Non–Financial corporations
20 688
19 358
–6.4
Total expenses
General government
140 531
132 531
–5.7
Public Non–Financial corporations
20 677
18 183
–12.1
GFS Net operating balance
General government
–3 679
–17 418
. .
Public Non–Financial corporations
11
1 176
. .
GFS Net lending(+)/borrowing(–)
General government
–14 103
–19 754
. .
Public Non–Financial corporations
–2 867
–1 988
. .

. . not applicable

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2012 which will be included in the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The key figures shown include Government Final Consumption Expenditure for general government and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the September quarter 2012:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure decreased by $238m, a fall of 0.4% compared with June quarter 2012.
  • Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 18.1%.

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES, SEASONALLY ADJUSTED

Dec Qtr
2011
Mar Qtr
2012
Jun Qtr
2012
Sep Qtr
2012
Jun Qtr 2012 to
Sep Qtr 2012
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
5 760
5 987
5 938
6 199
4.4
National – non-defence
19 951
20 823
21 703
21 142
–2.6
Total national
25 711
26 810
27 641
27 341
–1.1
State and local
39 541
40 086
40 773
40 487
–0.7
Total general government final consumption expenditure
65 253
66 896
68 414
67 828
–0.9
Public gross fixed capital formation
General government
National – defence
1 939
2 422
2 145
1 102
–48.6
National – non–defence
2 563
2 703
2 156
2 328
8.0
Total national
4 502
5 124
4 300
3 430
–20.2
State and local
9 594
8 005
9 023
7 520
–16.7
Total general government
14 096
13 130
13 323
10 950
–17.8
Public corporations
Commonwealth
564
730
850
1 010
18.8
State and local
4 823
5 028
3 983
4 675
17.4
Total public corporations
5 388
5 757
4 833
5 685
17.6
Total public gross fixed capital formation
19 484
18 887
18 156
16 635
–8.4
Memorandum item
Net purchases of second–hand assets by public sector
777
–222
–2 298
81
. .

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 690
5 899
5 852
6 075
3.8
National – non-defence
19 524
20 021
20 532
20 228
–1.5
Total national
25 213
25 920
26 384
26 304
–0.3
State and local
39 190
39 449
39 862
39 704
–0.4
Total general government final consumption expenditure
64 404
65 369
66 246
66 008
–0.4
Public gross fixed capital formation
General government
National – defence
2 031
2 553
2 276
1 166
–48.8
National – non-defence
2 559
2 697
2 153
2 321
7.8
Total national
4 590
5 250
4 429
3 486
–21.3
State and local
9 600
7 967
8 911
7 435
–16.6
Total general government
14 190
13 218
13 340
10 921
–18.1
Public corporations
Commonwealth
571
738
861
1 033
20.0
State and local
4 766
4 949
3 823
4 585
19.9
Total public corporations
5 338
5 687
4 684
5 618
19.9
Total public gross fixed capital formation
19 528
18 905
18 024
16 539
–8.2
Memorandum item
Net purchases of second–hand assets by public sector
795
–223
–2 316
84
. .

. . not applicable
(a) See paragraph 37 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2010–11.


SEPTEMBER QUARTER 2012 GFS RELEASE

This release presents quarterly government finance statistics on an accrual accounting basis. All tables are presented in GFS operating statement format and are for the general government sector, with the exception of Table 2 which presents data for the public non–financial corporations sector.

Quarterly GFS are released for the current financial year only, other than in the September quarter, when the quarters of the previous financial year are presented. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat. no. 5512.0). The latest issue (2010–11) was released on 17 April 2012. Final annual GFS results for 2011–12 are scheduled for release by the ABS in April 2013.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 11
Dec 11
Mar 12
Jun 12
Sep 12
Table 1 All Levels of Government - General Government
*
*
*
*
*
Table 2 All Levels of Government - Public Non-Financial Corporations
*
*
*
*
*
Table 3 Commonwealth Government
*
*
*
*
*
Table 4 Total State & Local
*
*
*
*
*
Table 5 New South Wales
*
*
*
*
Table 6 Victoria
*
*
*
*
Table 7 Queensland
*
*
*
*
Table 8 South Australia
*
*
*
*
Table 9 Western Australia
*
*
*
*
Table 10 Tasmania
*
*
*
*
Table 11 Northern Territory
*
*
*
*
Table 12 Australian Capital Territory
*
*
*
*

EMISSIONS REDUCTION SCHEMES

The ABS released an Information Paper: Recording Emissions Reduction Schemes in ABS Statistics (cat. no. 5257.0.55.001) on 30 July 2012. This information paper summarises the nature and statistical treatment of emissions permit measures introduced under the Clean Energy Act 2011 and other greenhouse gas schemes currently in operation in Australia (including the Commonwealth Renewable Energy Target (RET) and the Carbon Farming Initiative).

The Australian System of Government Finance Statistics: Concepts, Sources and Methods (cat. no. 5514.0) was updated on 20 November 2012 to include details of the ABS implementation of emission reduction schemes in GFS.

Emission reduction scheme data are included in relevant GFS aggregates commencing with this issue, with data for the Renewable Energy Certificates issued under the RET backcast in the time series. Separate data series for emission reduction schemes are not available.

    FORTHCOMING ISSUES

    The release of GFS quarterly data is usually coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The scheduled release dates for the next two issues are:

    Issue5519.0.55.0015206.0
    December 20125 March 20136 March 2013
    March 20134 June 20135 June 2013


    For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Jon Shaw on Brisbane (07) 3222 6054, email <public.finance@abs.gov.au>



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