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5519.0.55.001 - Government Finance Statistics, Australia, March Quarter 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2011   
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MARCH QUARTER 2011 KEY FIGURES: ALL LEVELS OF GOVERNMENT

In the March quarter 2011 -

  • Taxation revenue decreased 4.0% to $88,984m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of -$8,159m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector was -$12,884m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Dec Qtr 2010
Mar Qtr 2011
Dec Qtr 2010 to
Mar Qtr 2011
$m
$m
% change

Current Prices
Taxation revenue
General government
92 682
88 984
-4.0
Total revenue
General government
113 228
109 093
-3.7
Public Non-Financial corporations
17 650
17 659
0.1
Total expenses
General government
120 520
117 252
-2.7
Public Non-Financial corporations
16 396
16 675
1.7
GFS Net operating balance
General government
-7 292
-8159
..
Public Non-Financial corporations
1 254
984
..
GFS Net lending(+)/borrowing(-)
General government
-14 243
-12 884
..
Public Non-Financial corporations
636
2 293
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2011 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 and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the March quarter 2011:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $815m, a rise of 1.4% compared with December quarter 2010.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 0.3%.

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

Jun Qtr 2010
Sep Qtr 2010
Dec Qtr 2010
Mar Qtr 2011
Dec Qtr 2010 to
Mar Qtr 2011
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
5 414
5 687
5 799
6 103
5.3
National - non-defence
18 229
17 896
18 243
18 682
2.4
Total national
23 643
23 582
24 042
24 785
3.1
State and local
36 922
37 600
37 660
37 735
0.2
Total general government final consumption expenditure
60 565
61 182
61 702
62 520
1.3
Public gross fixed capital formation
General government
National - defence
1 971
1 939
1 922
1 458
-24.2
National - non-defence
2 514
2 061
2 066
2 789
35
Total national
4 486
4 000
3 989
4 247
6.5
State and local
10 157
10 146
10 237
10 059
-1.7
Total general government
14 643
14 146
14 226
14 306
0.6
Public corporations
Commonwealth
304
393
429
517
20.4
State and local
5 832
5 989
5 923
5 678
-4.1
Total public corporations
6 136
6 382
6 353
6 194
-2.5
Total public gross fixed capital formation
20 778
20 528
20 579
20 500
-0.4
Memorandum item
Net purchases of second-hand assets by public sector
-134
-172
-153
-317
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
5 426
5 655
5 737
5 986
4.3
National - non-defence
16 711
17 033
17 323
17 445
0.7
Total national
22 137
22 688
23 060
23 432
1.6
State and local
35 156
34 873
35 100
35 543
1.3
Total general government final consumption expenditure
57 293
57 562
58 160
58 975
1.4
Public gross fixed capital formation
General government
National - defence
2 293
2 259
2 231
1 696
-24
National - non-defence
2 611
2 120
2 123
2 868
35.1
Total national
4 905
4 379
4 354
4 564
4.8
State and local
10 384
10 321
10 399
10 235
-1.6
Total general government
15 289
14 699
14 753
14 799
0.3
Public corporations
Commonwealth
315
405
445
532
19.6
State and local
5 958
6 086
6 014
5 735
-4.6
Total public corporations
6 273
6 490
6 459
6 267
-3.0
Total public gross fixed capital formation
21 562
21 190
21 212
21 066
-0.7
Memorandum item
Net purchases of second-hand assets by public sector
-136
-176
-156
-330
..

(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 2008-09.


MARCH QUARTER 2011 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 (2009-10) was released on 12 April 2010. Final annual GFS results for 2010-11 are scheduled for release by the ABS in April 2012.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 10
Dec 10
Mar 11
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
*
*
IMPACT OF THE FLOODS

Flooding began in late December 2010 in Queensland and was more extensive in Queensland and other states in January 2011. In the March quarter 2011 the Commonwealth Government grant payments to the states under the National Disaster Relief Recovery Arrangements were offset by a fall in the other grant payments to the states.


PRIVATISATIONS

Privatisations of some activities occurred during the March quarter 2011 . Prior to privatisation these activities were included in the Public Non-Financial Corporations sector in Government Finance Statistics. From the privatisation date, these activities are in-scope of the relevant ABS surveys of the private sector.


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 20116 September 20117 September 2011
September 20116 December 20117 December 2011

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 Larissa Fischer on Canberra (02) 6252 5392, email <public.finance@abs.gov.au>

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