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5519.0.55.001 - Government Finance Statistics, Australia, September Quarter 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2013   
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NOTE Please note that the values previously released for Chain Volume - Net purchases of second-hand assets by public sector were incorrect and have been replaced with the correct values.

SEPTEMBER QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the September quarter 2013:

  • Taxation revenue decreased 18.2% to $94,258m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$21,906m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$24,524m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Jun Qtr 2013
Sep Qtr 2013
Jun Qtr 2013 to
Sep Qtr 2013
$m
$m
% change

Current Prices
Taxation revenue
General government
115 237
94 258
–18.2
Total revenue
General government
142 396
118 663
–16.7
Public Non–Financial corporations
20 552
20 024
–2.6
Total expenses
General government
138 372
140 569
1.6
Public Non–Financial corporations
22 708
19 630
–13.6
GFS Net operating balance
General government
4 024
–21 906
. .
Public Non–Financial corporations
–2 156
393
. .
GFS Net lending(+)/borrowing(–)
General government
1 606
–24 524
. .
Public Non–Financial corporations
–564
–3 675
. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2013 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 2013:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $756m, a rise of 1.1% compared with June quarter 2013.
  • Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 0.3%.

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

Dec Qtr
2012
Mar Qtr
2013(c)
Jun Qtr
2013
Sep Qtr
2013
Jun Qtr 2013
to Sep Qtr 2013
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
5 470
5 426
5 437
5 439
National – non-defence
20 752
21 496
21 721
22 137
1.9
Total national
26 223
26 923
27 157
27 577
1.5
State and local
41 301
41 264
41 579
41 821
0.6
Total general government final consumption expenditure
67 523
68 186
68 736
69 398
1.0
Public gross fixed capital formation
General government
National – defence
962
1 275
1 195
1 555
30.2
National – non–defence
2 338
2 128
2 263
2 301
1.7
Total national
3 300
3 403
3 458
3 856
11.5
State and local
8 244
8 643
8 372
7 976
–4.7
Total general government
11 544
12 046
11 830
11 832
Public corporations
Commonwealth
1 130
1 253
1 226
1 544
26.0
State and local
8 141
4 752
–143
4 728
. .
Total public corporations
9 272
6 005
1 082
6 272
479.5
Total public gross fixed capital formation
20 816
18 052
12 912
18 104
40.2
Memorandum item
Net purchases of second–hand assets by public sector
4 574
558
–5 189
682
. .

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 360
5 295
5 279
5 264
–0.3
National – non-defence
20 654
21 258
21 361
21 625
1.2
Total national
26 014
26 553
26 640
26 889
0.9
State and local
40 440
40 662
40 690
41 197
1.2
Total general government final consumption expenditure
66 454
67 216
67 330
68 086
1.1
Public gross fixed capital formation
General government
National – defence
960
1 272
1 189
1 550
30.3
National – non-defence
2 346
2 132
2 265
2 296
1.4
Total national
3 305
3 404
3 454
3 846
11.3
State and local
8 348
8 773
8 468
8 035
–5.1
Total general government
11 653
12 177
11 923
11 881
–0.3
Public corporations
Commonwealth
1 134
1 262
1 235
1 551
25.6
State and local
8 150
4 699
–225
4 627
. .
Total public corporations
9 284
5 961
1 010
6 178
511.6
Total public gross fixed capital formation
20 937
18 138
12 933
18 059
39.6
Memorandum item
Net purchases of second–hand assets by public sector
4 603
564
–5 193
668
. .

. . not applicable
– nil or rounded to zero (including null cells)
(a) See paragraph 35 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2011–12.
(c) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


SEPTEMBER QUARTER 2013 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 (2011–12) was released on 30 April 2013. Final annual GFS results for 2012–13 are scheduled for release by the ABS in April 2014.

Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. This data is used in compiling the tables contained in the Main Features, Table 1 All Levels of Government – General Government, Table 4 Total State and Local, and Table 6 Victoria, Total State and Local. These estimates should be interpreted with care.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 12
Dec 12
Mar 13
Jun 13
Sep 13
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 the September quarter 2012, 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 2013
March 2014
4 March 2014
3 June 2014
5 March 2014
4 June 2014
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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