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5519.0.55.001 - Government Finance Statistics, Australia, Sep 2008 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/12/2008   
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04/12/2008 Note: The Main Features are being reissued to correct errors in the commentary regarding the Quarterly National Accounts Public Sector Measures - Key Figures. Percentage movements quoted were from the Current Prices table and not from the Chain Volume table.

SEPTEMBER QUARTER 2008 KEY FIGURES: ALL LEVELS OF GOVERNMENT

June quarter 2008 to September quarter 2008 movements (in original terms) -

  • Taxation revenue decreased by 19.4% to $76,377m.
  • The GFS net operating balance for the general government sector decreased to $-1,887m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector decreased to a net lending position of $-5,085m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Jun Qtr 2008
Sep Qtr 2008
Jun Qtr 2008 to
Sep Qtr 2008
$m
$m
% change

Current Prices
Taxation revenue
General government
94 743
76 377
-19.4
Total revenue
General government
115 313
96 633
-16.2
Public Non-Financial corporations
14 901
14 813
-0.6
Total expenses
General government
107 809
98 520
-8.6
Public Non-Financial corporations
14 112
13 056
-7.5
GFS Net operating balance
General government
7 505
-1 887
..
Public Non-Financial corporations
789
1 756
..
GFS Net lending(+)/borrowing(-)
General government
653
-5 085
..
Public Non-Financial corporations
-4 560
-1 943
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2008 from the national accounts publication. The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted for current prices and in chain volume terms.
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by 0.6% in the September quarter 2008.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 3.9% in the September quarter 2008.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Dec Qtr 2007
Mar Qtr 2008
Jun Qtr 2008
Sep Qtr 2008
Jun Qtr 2008 to
Sep Qtr 2008
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
4 634
4 665
4 904
4 989
1.7
National - non-defence
15 397
15 443
15 566
15 665
0.6
Total national
20 031
20 109
20 470
20 654
0.9
State and local
29 765
30 252
31 058
31 598
1.7
Total general government final consumption expenditure
49 796
50 361
51 528
52 252
1.4
Public gross fixed capital formation
General government
National - defence
456
1 158
699
995
42.3
National - non-defence
1 031
819
999
921
-7.8
Total national
1 487
1 977
1 698
1 916
12.8
State and local
5 753
5 559
6 395
6 462
1
Total general government
7 240
7 536
8 093
8 377
3.5
Public corporations
Commonwealth
279
313
214
301
40.3
State and local
4 726
4 973
5 186
5 519
6.4
Total public corporations
5 005
5 285
5 400
5 819
7.8
Total public gross fixed capital formation
12 245
12 821
13 492
14 197
5.2
Memorandum item
Net purchases of second-hand assets by public sector
-474
-135
-410
-155
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
4 554
4 517
4 586
4 554
-0.7
National - non-defence
14 706
14 745
14 790
14 899
0.7
Total national
19 259
19 263
19 376
19 452
0.4
State and local
28 770
29 065
29 457
29 666
0.7
Total general government final consumption expenditure
48 029
48 327
48 833
49 119
0.6
Public gross fixed capital formation
General government
National - defence
481
1 175
719
1 028
42.9
National - non-defence
1 021
830
990
915
-7.5
Total national
1 502
2 005
1 709
1 943
13.7
State and local
5 597
5 367
6 086
5 994
-1.5
Total general government
7 099
7 372
7 795
7 938
1.8
Public corporations
Commonwealth
274
302
204
289
41.7
State and local
4 615
4 785
4 884
5 162
5.7
Total public corporations
4 889
5 087
5 089
5 451
7.1
Total public gross fixed capital formation
11 988
12 459
12 884
13 389
3.9
Memorandum item
Net purchases of second-hand assets by public sector
-474
-143
-388
-153
..

(a) See paragraph 32 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2006-07.


SEPTEMBER QUARTER 2008 GFS RELEASE

This release presents quarterly government finance statistics (GFS) 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.

In the September quarter, data are presented for the quarters of the previous financial year in addition to that for the current quarter. No September 2008 quarter data for the individual state and territory jurisdictions are presented. It should be noted that the quarterly ABS GFS data, including that presented in this publication, are based on preliminary data provided by jurisdictions throughout the year. For this reason, the four quarters of the previous financial year will not necessarily sum to the final financial year results recently released by some jurisdictions. Final annual GFS data for 2007-08 are scheduled for release by the ABS in April 2009 in
Government Finance Statistics, Australia (cat.no. 5512.0).

Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2006-07) was released on 15 April 2008.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 07
Dec 07
Mar 08
Jun 08
Sep 08
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
*
*
*
*
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 December quarters 2008 and March 2009 issues are:

Issue5519.0.55.0015206.0
December 20083 March 20094 March 2009
March 20092 June 20093 June 2009
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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