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5512.0 - Government Finance Statistics, Australia, 2005-06  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/04/2007   
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10/04/2007 (Description of error updated 30/05/2007) Note: The NSW General Government Operating Statement was missing statistics on net acquisitions of non-financial assets and GFS net lending/borrowing on release. There are no other changes to the Operating Statement apart from the inclusion of the missing data.



NOTES

ABOUT THIS PUBLICATION

This publication presents government finance statistics (GFS) on an accrual accounting basis for each jurisdiction for general government, the non-financial public sector and the total public sector as follows:

  • Operating statements for 2005-06;
  • Cash flow statements for 2005-06; and
  • Balance sheets at 30 June 2006.

Data for public non-financial corporations and public financial corporations are available on the ABS web site along with other time series tables.


Users interested in quarterly GFS data for the current financial year should refer to Government Finance Statistics, Australia, Quarterly (Cat. no. 5519.0.55.001).


Information presented by the ABS in this release may differ from that published by the various jurisdictions for a variety of reasons. For further information please see paragraphs 47 to 49 in the Explanatory Notes.



ABOUT THIS ISSUE

The new Australian equivalents to International Financial Reporting Standards (AIFRS) began to be progressively implemented in Australia from 1 January 2005. All Australian governments adopted AIFRS for financial reporting for the financial year 2005-06. As GFS data is sourced primarily from the same underlying accounting and budgetary systems that each jurisdiction uses for financial reporting, some impacts have observed mainly in the accrual-based GFS statements. Details of the changes and the impacts on GFS are further discussed in Technical Note - Impact of AIFRS on GFS on page 49.



TERMINOLOGY

Within GFS the consolidated total of the general government and the public non-financial corporations sectors is referred to as the 'non-financial public sector'. The consolidated total of the general government, the public non-financial corporations and the public financial corporations sectors is referred to as the 'total public sector'


In this publication, the term 'state' includes the two territories. Therefore 'state' refers to 'state and territory' and 'state and local' refers to 'state, territory and local'.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Mark Patton on Canberra (02) 6252 7589.

SUMMARY OF FINDINGS

ACCRUAL OPERATING RESULTS

The GFS net operating balance for all levels of government in 2005-06 was $29,141 million for the general government sector and $30,090 million for the total public sector.


GFS net lending in 2005-06 was $19, 872 million for the general government sector and $12,629 million for the total public sector.


The following table shows 2005-06 GFS operating statement aggregates by sector across the various levels of government.

Operating Results - 2005-06

General Government
Non-Financial Public Sector
Total public Sector
$m
$m
$m

All Levels of Government
GFS Revenue
363 701
410 662
421 703
GFS Expenses
334 560
382 152
391 613
GFS Net Operating Balance
29 141
28 510
30 090
Net acquisition of non-financial assets
9 268
17 490
17 461
GFS Net Lending(+)/Borrowing(-)
19 872
11 021
12 629
Commonwealth Government
GFS Revenue
260 592
281 960
285 749
GFS Expenses
242 600
265 413
269 005
GFS Net Operating Balance
17 992
16 546
16 744
Net acquisition of non-financial assets
1 434
2 051
2 089
GFS Net Lending(+)/Borrowing(-)
16 558
14 496
14 655
State and Local Government
GFS Revenue
162 255
187 788
195 074
GFS Expenses
151 443
176 205
182 109
GFS Net Operating Balance
10 812
11 583
12 965
Net acquisition of non-financial assets
7 254
14 820
14 753
GFS Net Lending(+)/Borrowing(-)
3 559
-3 237
-1 788
Multi-jurisdictional(a)
GFS Revenue
15 366
15 858
15 858
GFS Expenses
14 017
14 463
14 463
GFS Net Operating Balance
1 349
1 395
1 395
Net acquisition of non-financial assets
581
619
619
GFS Net Lending(+)/Borrowing(-)
768
775
775

(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 types of units currently falling into this category are the public universities.



CASH OPERATING RESULTS

In 2005-06 the general government sector and total public sector, for all levels of government, recorded surpluses of $24,577 million and $19,661 million respectively.


The following table presents the 2005-06 surplus/deficit results by sector for each jurisdiction.

Cash Operating Results - 2005-06

General Government
Non-Financial
Public Sector
Total
Public Sector
$m
$m
$m

SURPLUS(+)/DEFICIT(-)

Commonwealth Government
15 720
14 712
14 655
State and Local Governments
New South Wales
1 788
776
1 578
Victoria
-221
-1 094
-475
Queensland
4 563
2 199
2 060
South Australia
132
315
481
Western Australia
2 418
986
1 187
Tasmania
211
67
158
Northern Territory
-37
-41
6
Australian Capital Territory
76
85
85
Total
8 931
3 303
5 088
Multi-jurisdictional
1 013
1 003
1 003
Total
24 577
17 933
19 661



BALANCE SHEET RESULTS

GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2006 for the general government sector for all levels of government was $628,413 million. The consolidated net worth for the total public sector was $595,580 million.


The following table presents 30 June 2006 balance sheet aggregates by sector for the various levels of government.

Balance Sheet Results - AT 30 JUNE 2006

General Government
Non-Financial Public Sector
Total Public Sector
$m
$m
$m

All Levels of Government
Total assets
992 465
1 070 836
1 194 619
Total liabilities
364 053
453 068
577 016
Shares and other contributed capital
-
22 189
22 022
GFS Net worth
628 413
595 580
595 580
Commonwealth Government
Total assets
196 662
208 159
293 734
Total liabilities
206 849
229 591
315 217
Shares and other contributed capital
-
22 068
22 018
GFS Net worth
-10 187
-43 501
-43 501
State and Local Governments
Total assets
764 414
829 756
873 354
Total liabilities
154 849
220 189
263 789
GFS Net worth
609 565
609 565
609 565
Multi-jurisdictional(a)
Total assets
37 609
39 886
39 886
Total liabilities
8 574
9 554
9 554
GFS Net worth
29 035
29 516
29 516

- nil or rounded to zero (including null cells)
(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 types of units currently falling into this category are public universities.



TIME SERIES

GFS revenue for the general government sector across all levels of government increased from $256,822 million in 2000-01 to $363,701 million in 2005-06. Over the same period GFS expenses have increased from $249,324 million to $334,560 million resulting in an increase in the GFS net operating balance from $7,498 million to $29,141 million.


Between 30 June 2001 and 30 June 2006 GFS net worth for all levels of government increased by $245,399 million (64.1%) from $383,014 million to $628,413 million.


The following tables show a time series of major aggregates for the general government across different levels of government.

Major aggregates: General Government, All levels of government

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
$m
$m
$m
$m
$m
$m

GFS Revenue
256 822
262 922
286 303
310 482
336 263
363 701
GFS Expenses
249 324
262 883
274 865
295 052
316 046
334 560
GFS Net Operating Balance
7 498
39
11 437
15 430
20 217
29 141
Net acquisition of non-financial assets
2 994
4 094
3 564
5 531
5 941
9 268
GFS Net Lending(+)/Borrowing(-)
4 504
-4 055
7 874
9 899
14 276
19 872
Cash Surplus (+)/Deficit (-)
8 286
3 402
11 305
14 618
20 803
24 577
Total assets
683 444
714 197
769 732
831 537
911 146
992 465
Total liabilities
300 430
308 333
323 580
321 520
336 384
364 053
GFS Net worth
383 014
405 864
446 152
510 017
574 762
628 413

Major aggregates: General Government, Commonwealth

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
$m
$m
$m
$m
$m
$m

GFS Revenue
185 716
190 156
206 620
221 910
241 885
260 592
GFS Expenses
181 054
194 042
200 448
214 357
229 957
242 600
GFS Net Operating Balance
4 662
-3 886
6 173
7 553
11 928
17 992
Net acquisition of non-financial assets
-1 174
-371
-218
726
154
1 434
GFS Net Lending(+)/Borrowing(-)
5 836
-3 515
6 391
6 827
11 773
16 558
Cash Surplus (+)/Deficit (-)
5 906
-1 112
7 404
7 971
13 505
15 720
Total assets
145 678
142 173
146 075
159 484
174 544
196 662
Total liabilities
188 342
186 542
193 237
189 386
199 358
206 849
GFS Net worth
-42 664
-44 369
-47 162
-29 901
-24 814
-10 187

Major Aggregates: General Government, State Governments

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
$m
$m
$m
$m
$m
$m

GFS Revenue
101 391
106 800
113 826
124 033
131 923
142 574
GFS Expenses
99 637
104 233
109 606
117 315
125 164
134 344
GFS Net Operating Balance
1 753
2 567
4 220
6 717
6 760
8 230
New South Wales
1 545
1 569
1 801
1 126
695
1 033
Victoria
1 252
1 673
1 584
1 035
877
980
Queensland
-861
-901
12
3 335
3 919
3 716
South Australia
-298
-97
448
387
156
219
Western Australia
200
198
253
807
1 191
2 265
Tasmania
102
143
170
315
242
119
Northern Territory
-104
24
-45
-85
-30
29
Australian Capital Territory
-77
-40
-1
-202
-297
-134
Net acquisition of non-financial assets
3 034
3 086
2 357
2 712
2 830
4 858
GFS Net Lending(+)/Borrowing(-)
-1 280
-520
1 862
4 005
3 930
3 372
New South Wales
667
569
639
6
-202
-484
Victoria
559
754
590
-117
319
-414
Queensland
-1 673
-1 608
-144
2 835
2 866
2 480
South Australia
-385
-125
413
425
51
87
Western Australia
-387
-25
130
570
898
1 846
Tasmania
130
167
212
379
212
83
Northern Territory
-213
-279
-116
-67
-57
-62
Australian Capital Territory
28
31
142
-27
-163
-167
Cash Surplus (+)/Deficit (-)
2 846
4 279
4 513
6 939
7 816
9 783
New South Wales
1 825
2 551
2 327
1 444
1 253
2 113
Victoria
592
1 404
27
210
550
206
Queensland
353
196
646
3 492
4 629
4 649
South Australia
-106
-44
659
522
191
188
Western Australia
-127
-31
259
554
859
2 301
Tasmania
147
213
300
370
244
209
Northern Territory
-80
-273
34
47
53
37
Australian Capital Territory
241
263
257
299
35
76
Total assets
363 315
386 219
429 396
465 013
514 058
552 607
Total liabilities
105 338
113 446
121 784
122 737
126 721
144 444
GFS Net worth
257 977
272 773
307 611
342 276
387 337
408 163
New South Wales
91 810
98 431
121 039
124 283
128 690
127 818
Victoria
43 343
48 812
50 619
61 187
75 018
76 389
Queensland
57 619
58 087
64 896
77 722
96 433
105 033
South Australia
14 789
14 564
15 306
15 793
16 357
19 703
Western Australia
32 198
36 016
38 012
43 741
50 212
57 941
Tasmania
6 473
6 883
7 200
8 004
9 008
9 107
Northern Territory
4 407
2 165
1 910
2 166
2 353
2 727
Australian Capital Territory
7 338
7 815
8 629
9 380
9 265
9 445


For the total public sector across all levels of government GFS revenue increased from $311,716 million in 2000-01 to $421,703 million in 2005-06 and GFS expenses increased from $299,611 million to $391,613 million. As a result GFS net operating balance increased from $12,105 million in 2000-01 to $30,090 million in 2005-06


Between 30 June 2001 and 30 June 2006 GFS net worth across the total public sector increased by $270,773 million or 83.4% from $324,807 million to $595,580 million.


The following tables show a time series of major aggregates for the total public sector across different levels of government.

Major aggregates: Total Public Sector, All levels of Government

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
$m
$m
$m
$m
$m
$m

GFS Revenue
311 716
313 514
336 818
361 583
392 143
421 703
GFS Expenses
299 611
310 864
323 382
342 256
366 701
391 613
GFS Net Operating Balance
12 105
2 650
13 435
19 327
25 441
30 090
Net acquisition of non-financial assets
4 331
6 738
6 166
8 390
11 543
17 461
GFS Net Lending(+)/Borrowing(-)
7 774
-4 088
7 269
10 937
13 898
12 629
Cash Surplus (+)/Deficit (-)
10 745
3 795
12 270
16 212
21 064
19 661
Total assets
824 226
851 304
908 456
971 492
1 076 927
1 194 619
Total liabilities
462 740
464 457
475 548
478 680
519 887
577 016
GFS Net worth
324 807
356 995
403 631
460 943
525 959
595 580

Major aggregates: Total Public Sector, Commonwealth Government

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
$m
$m
$m
$m
$m
$m

GFS Revenue
208 880
212 292
228 038
243 115
266 649
285 749
GFS Expenses
201 906
216 167
220 967
234 865
252 291
269 005
GFS Net Operating Balance
6 975
-3 875
7 071
8 250
14 358
16 744
Net acquisition of non-financial assets
-566
-636
-741
606
466
2 089
GFS Net Lending(+)/Borrowing(-)
7 541
-3 239
7 812
7 645
13 892
14 655
Cash Surplus (+)/Deficit (-)
7 524
-1 291
7 893
9 091
15 171
14 655
Total assets
203 364
202 128
200 031
215 322
245 242
293 734
Total liabilities
267 305
265 217
261 147
263 271
288 702
315 217
GFS Net worth
-100 871
-93 238
-89 801
-79 125
-73 804
-43 501

Major Aggregates: Total Public Sector, State Governments

2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
$m
$m
$m
$m
$m
$m

GFS Revenue
133 757
136 077
143 348
154 474
163 612
175 925
GFS Expenses
129 897
130 946
138 195
144 616
154 133
165 513
GFS Net Operating Balance
3 860
5 131
5 153
9 858
9 479
10 411
New South Wales
1 886
2 243
1 606
1 312
1 000
1 688
Victoria
1 087
2 414
1 730
2 714
1 636
1 144
Queensland
-543
-765
152
3 499
4 279
4 138
South Australia
-149
-116
169
496
253
170
Western Australia
466
406
406
1 183
1 725
2 666
Tasmania
131
213
214
322
278
129
Northern Territory
-72
-14
-54
-45
22
75
Australian Capital Territory
-88
-57
86
-232
-386
-335
Net acquisition of non-financial assets
3 410
5 980
5 466
5 702
7 950
12 332
GFS Net Lending(+)/Borrowing(-)
450
-849
-313
4 156
1 529
-1 921
New South Wales
873
-52
-672
-945
-1 500
-1 998
Victoria
-67
819
-114
96
59
-1 336
Queensland
-2 027
-1 835
-870
3 387
1 732
162
South Australia
959
8
88
468
93
111
Western Australia
-458
-305
110
433
681
692
Tasmania
190
-35
176
250
186
-78
Northern Territory
-232
-308
-115
-60
-98
-69
Australian Capital Territory
17
43
226
-119
-313
-201
Cash Surplus (+)/Deficit (-)
3 768
4 849
4 818
7 340
6 565
5 930
New South Wales
1 284
2 165
1 542
884
103
1 267
Victoria
824
1 976
324
632
750
-46
Queensland
-316
13
387
3 710
4 422
2 140
South Australia
1 468
152
392
613
406
537
Western Australia
-649
-131
23
149
37
1 069
Tasmania
147
42
396
315
229
153
Northern Territory
-198
-282
101
50
2
80
Australian Capital Territory
181
238
290
250
-88
85
Total assets
451 300
468 070
520 799
556 652
615 933
664 164
Total liabilities
193 324
195 296
213 188
214 372
228 594
256 000
GFS Net worth
257 976
272 773
307 610
342 278
387 337
408 163
New South Wales
91 811
98 429
121 038
124 281
128 690
127 818
Victoria
43 343
48 812
50 619
61 187
75 018
76 390
Queensland
57 619
58 087
64 896
77 722
96 433
105 032
South Australia
14 788
14 564
15 306
15 793
16 357
19 703
Western Australia
32 197
36 017
38 011
43 741
50 213
57 941
Tasmania
6 473
6 883
7 200
8 004
9 008
9 107
Northern Territory
4 407
2 165
1 910
2 166
2 354
2 727
Australian Capital Territory
7 338
7 815
8 629
9 380
9 265
9 445


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