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5519.0.55.001 - Government Finance Statistics, Australia, March Quarter 2015 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 02/06/2015   
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MARCH QUARTER 2015 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the March quarter 2015:

  • Taxation revenue decreased 0.1% to $112,151m from $112,319m in the December quarter 2014.
  • General government sector expenses exceeded revenue resulting in a GFS net operating balance of –$1,798m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$4,717m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Dec Qtr 2014
Mar Qtr 2015
Dec Qtr 2014 to
Mar Qtr 2015
$m
$m
% change

Current Prices
Taxation revenue
General government
112 319
112 151
–0.1
Total revenue
General government
138 678
139 345
0.5
Public non-financial corporations
20 260
20 415
0.8
Total expenses
General government
145 137
141 143
–2.8
Public non-financial corporations
20 610
20 244
–1.8
GFS Net operating balance
General government
–6 458
–1 798
. .
Public non-financial corporations
–351
172
. .
GFS Net lending(+)/borrowing(–)
General government
–11 222
–4 717
. .
Public non-financial corporations
–1 824
–1 068
. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2015 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 March quarter 2015:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $298m, a rise of 0.4% compared with the December quarter 2014.
  • In seasonally adjusted chain volume terms, total general government gross fixed capital formation decreased by 5.4% compared with the December quarter 2014.

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

Jun Qtr
2014
Sep Qtr
2014
Dec Qtr
2014
Mar Qtr
2015
Dec Qtr 2014
to Mar Qtr 2015
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
5 888
5 813
5 805
5 714
–1.6
National – non-defence
22 153
22 635
22 205
22 527
1.4
Total national
28 041
28 448
28 011
28 241
0.8
State and local
42 935
43 336
43 902
43 932
0.1
Total general government final consumption expenditure
70 975
71 784
71 913
72 173
0.4
Public gross fixed capital formation
General government
National – defence
1 647
1 220
1 769
1 500
–15.2
National – non-defence
2 448
2 726
2 559
2 610
2.0
Total national
4 095
3 946
4 328
4 110
–5.0
State and local
9 982
9 034
8 610
8 144
–5.4
Total general government
14 078
12 980
12 938
12 254
–5.3
Public corporations
Commonwealth
1 596
1 213
1 159
1 602
38.2
State and local
2 959
3 696
3 799
3 643
–4.1
Total public corporations
4 555
4 909
4 959
5 246
5.8
Total public gross fixed capital formation
18 633
17 889
17 897
17 499
–2.2
Memorandum item
Net purchases of second-hand assets by public sector
–365
583
512
254
np

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 639
5 550
5 523
5 402
–2.2
National – non-defence
21 341
21 797
21 561
21 848
1.3
Total national
26 980
27 348
27 084
27 249
0.6
State and local
42 397
42 744
42 948
43 080
0.3
Total general government final consumption expenditure
69 377
70 092
70 032
70 330
0.4
Public gross fixed capital formation
General government
National – defence
1 555
1 155
1 642
1 394
–15.1
National – non-defence
2 464
2 740
2 579
2 624
1.7
Total national
4 019
3 895
4 221
4 018
–4.8
State and local
9 935
8 972
8 579
8 091
–5.7
Total general government
13 955
12 867
12 800
12 109
–5.4
Public corporations
Commonwealth
1 569
1 200
1 141
1 549
35.7
State and local
2 914
3 677
3 757
3 609
–3.9
Total public corporations
4 483
4 877
4 898
5 157
5.3
Total public gross fixed capital formation
18 437
17 744
17 699
17 266
–2.4
Memorandum item
Net purchases of second-hand assets by public sector
–316
571
481
257
np

np not available for publication but included in totals where applicable, unless otherwise indicated
(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 2012–13.


MARCH QUARTER 2015 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 the annual publication Government Finance Statistics, Australia (cat. no. 5512.0). The latest issue (2013–14) was released on 13 May 2015. Final annual GFS results for 2014–15 are scheduled for release by the ABS in May 2016.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 14
Dec 14
Mar 15
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
*
*

ABOLITION OF THE CARBON TAX

The carbon tax repeal legislation received Royal Assent on Thursday, 17 July 2014 and the bills as part of this package are now law, with effect from 1 July 2014. The carbon tax repeal decreased taxation revenue on the GFS Commonwealth General Government operating statement by approximately $1.6b in the September 2014 quarter. Further information on the treatment of emissions schemes in ABS GFS data can be found in the ABS GFS Manual.


CHANGES TO DATA CUBE FORMAT

Some minor table formatting changes to the data cube have been introduced with this release of this publication as indicated in the December Quarter 2014 release. The changes include the insertion of blank lines, formatting emphasis changes and clearer 'total' and 'sub-total' item descriptions to improve readability. Users who extract data from the data cube tables using Excel formulas or by other computerised means should review and adjust their processes as necessary. Some row numbers have changed.


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
June 20151 September 20152 September 2015
September 20151 December 20152 December 2015


INQUIRIES

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 Public Finance on (07) 3222 6414, email <public.finance@abs.gov.au>. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.


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Commonwealth of Australia 2015

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