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5501.0.55.001 - Government Financial Estimates, Australia, 2008-09 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/08/2008   
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The table below presents the 2008-09 GFS net operating balance and net lending(+)/borrowing(-) estimates for the general government sector for each level of government. The GFS net operating balance for all levels of government in 2008-09 is estimated to be $34,881 million. The all levels of government net acquisition of non-financial assets is expected to be $16,243 million, resulting in an estimated net lending/borrowing position for 2008-09 of $18,638 million.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT - 2008-09
General Government
Commonwealth
Multi-
jurisdictional (a)
State
Local
All levels of government (b)

$m
$m
$m
$m
$m
GFS Revenue
319 361
16 514
169 730
25 580
439 196
GFS Expenses
294 452
14 539
164 933
22 480
404 315
GFS Net Operating Balance
24 908
1 975
4 796
3 100
34 881
Net acquisition of non-financial assets
1 889
768
10 296
3 306
16 243
GFS Net Lending(+)/Borrowing(-)
23 019
1 207
-5 500
-206
18 638

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figures due to transfers between levels of government.


2008-09 CASH FLOW STATEMENT

The table below presents the 2008-09 GFS surplus(+)/deficit(-) estimates for the general government sector for each level of government. The GFS surplus(+)/deficit(-) for all levels of government for 2008-09 is estimated to be $23,694 million.
ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT - 2008-09
General Government

Commonwealth
Multi-
jurisdictional (a)
State
Local
All levels of government (b)

$m
$m
$m
$m
$m
Surplus(+)/Deficit(-)
25 091
579
-3 312
717
23 694

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figures due to transfers between levels of government.

KEY STATE GOVERNMENT BALANCES

The table below presents 2008-09 GFS estimates for the key analytical balances in the operating and cash flow statement for the general government sector of each state and territory jurisdiction.

STATE GOVERNMENTS : KEY ANALYTICAL BALANCES 2008-09
General Government

Operating Statement
Cash Flow Statement


GFS Net
Operating
Balance
GFS Net
Lending (+)/
Borrowing(-)
Surplus(+)/
Deficit(-)

$m
$m
$m
New South Wales
738
-1 555
-1 132
Victoria
930
-323
-74
Queensland
805
-3 139
-2 123
South Australia
160
-549
-530
Western Australia
1 967
237
150
Tasmania
105
30
158
Northern Territory
113
-81
9
Australian Capital Territory
-6
-105
224


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 Katrina Watts on Canberra (02) 6252 5555, email <public.finance@abs.gov.au>.


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