MARCH QUARTER 2014 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the March quarter 2014:

• Taxation revenue increased 2.2% to $112,163m from $109,798m in the December quarter 2013.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$1,890m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$5,475m.

			Dec Qtr 2013	Mar Qtr 2014	Dec Qtr 2013 to Mar Qtr 2014
			$m	$m	% change
Current Prices
Taxation revenue
	General government		109 798	112 163	2.2
Total revenue
	General government		134 375	137 215	2.1
	Public Non–Financial corporations		20 454	20 271	–0.9
Total expenses
	General government		138 287	139 106	0.6
	Public Non–Financial corporations		20 454	20 113	–1.7
GFS Net operating balance
	General government		–3 911	–1 890	. .
	Public Non–Financial corporations		–	158	. .
GFS Net lending(+)/borrowing(–)
	General government		–9 163	–5 475	. .
	Public Non–Financial corporations		–2 723	–1 681	. .

. . not applicable
– nil or rounded to zero (including null cells)

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2014 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 March quarter 2014:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $236m, a rise of 0.3% compared with the December quarter 2013.
• In seasonally adjusted chain volume terms, total general government gross fixed capital formation decreased by 1.7% compared with the December quarter 2013.

			Jun Qtr 2013	Sep Qtr 2013	Dec Qtr 2013	Mar Qtr 2014	Dec Qtr 2013 to Mar Qtr 2014
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		5 450	5 453	5 538	5 792	4.6
	National – non-defence		21 721	22 084	22 098	22 039	–0.3
	Total national		27 171	27 537	27 637	27 831	0.7
	State and local		41 453	41 652	42 411	42 086	–0.8
	Total general government final consumption expenditure		68 624	69 190	70 047	69 917	–0.2
Public gross fixed capital formation
	General government
		National – defence	1 237	1 551	1 664	1 241	–25.4
		National – non–defence	2 244	2 170	2 137	2 028	–5.1
		Total national	3 481	3 721	3 800	3 269	–14.0
		State and local	8 279	8 000	8 410	8 786	4.5
		Total general government	11 760	11 721	12 211	12 055	–1.3
	Public corporations
		Commonwealth	1 231	1 493	1 368	1 336	–2.3
		State and local	–150	4 725	5 102	4 419	–13.4
		Total public corporations	1 080	6 219	6 469	5 754	–11.1
	Total public gross fixed capital formation		12 840	17 940	18 680	17 809	–4.7
Memorandum item
	Net purchases of second–hand assets by public sector		–5 230	790	993	587	–40.9
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 291	5 279	5 346	5 563	4.1
	National – non-defence		21 376	21 561	21 465	21 554	0.4
	Total national		26 667	26 841	26 812	27 117	1.1
	State and local		40 659	41 086	41 374	41 306	–0.2
	Total general government final consumption expenditure		67 326	67 927	68 186	68 422	0.3
Public gross fixed capital formation
	General government
		National – defence	1 238	1 560	1 669	1 253	–24.9
		National – non-defence	2 235	2 151	2 122	2 003	–5.6
		Total national	3 473	3 712	3 790	3 256	–14.1
		State and local	8 193	7 884	8 257	8 591	4.0
		Total general government	11 666	11 596	12 047	11 847	–1.7
	Public corporations
		Commonwealth	1 228	1 489	1 366	1 328	–2.8
		State and local	–266	4 602	4 957	4 285	–13.6
		Total public corporations	962	6 091	6 323	5 613	–11.2
	Total public gross fixed capital formation		12 628	17 687	18 370	17 460	–5.0
Memorandum item
	Net purchases of second–hand assets by public sector		–5 434	806	1 010	600	–40.6

(a) See paragraph 37 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.


MARCH QUARTER 2014 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 (2012–13) was released on 28 May 2014. Final annual GFS results for 2013–14 are scheduled for release by the ABS in April 2015.

Table		Dec 13	Mar 14
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 next two issues are:

Issue	5519.0.55.001	5206.0
June 2014 September 2014	2 September 2014 2 December 2014	3 September 2014 3 December 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>. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.