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5519.0.55.001 - Government Finance Statistics, Australia, March Quarter 2013 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/06/2013   
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MARCH QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the March quarter 2013:

  • Taxation revenue decreased 2.9% to $102,527m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$4,676m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$7,967m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Dec Qtr 2012
Mar Qtr 2013(a)
Dec Qtr 2012 to
Mar Qtr 2013(a)
$m
$m
% change

Current Prices
Taxation revenue
General government
105 559
102 527
–2.9
Total revenue
General government
130 635
126 216
–3.4
Public Non–Financial corporations
18 969
19 899
4.9
Total expenses
General government
133 128
130 892
–1.7
Public Non–Financial corporations
19 860
19 575
–1.4
GFS Net operating balance
General government
–2 493
–4 676
. .
Public Non–Financial corporations
–891
324
. .
GFS Net lending(+)/borrowing(–)
General government
–7 797
–7 967
. .
Public Non–Financial corporations
–8 483
–2 081
. .

. . not applicable
(a) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 has been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the March 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 March quarter 2013:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $353m, a rise of 0.5% compared with December quarter 2012.
  • Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 3.9%.

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

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

Current Prices
General government final consumption expenditure (a)
National – defence
5 939
6 189
6 241
6 215
–0.4
National – non-defence
21 701
20 444
20 491
20 756
1.3
Total national
27 640
26 634
26 732
26 971
0.9
State and local
40 778
40 595
40 761
40 820
0.1
Total general government final consumption expenditure
68 418
67 229
67 494
67 791
0.4
Public gross fixed capital formation
General government
National – defence
2 150
1 118
1 057
1 369
29.4
National – non–defence
2 169
2 390
2 491
2 244
–9.9
Total national
4 319
3 507
3 549
3 613
1.8
State and local
9 090
7 840
8 085
8 454
4.6
Total general government
13 410
11 347
11 634
12 067
3.7
Public corporations
Commonwealth
922
1175
1 150
1 269
10.4
State and local
3 956
4832
8 130
4 547
–44.1
Total public corporations
4 879
6007
9 280
5 816
–37.3
Total public gross fixed capital formation
18 288
17354
20 914
17 883
–14.5
Memorandum item
Net purchases of second–hand assets by public sector
–2 298
57
4 524
646
–85.7

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 852
6 066
6 091
6 050
–0.7
National – non-defence
20 554
19 772
19 697
19 960
1.3
Total national
26 406
25 837
25 789
26 010
0.9
State and local
39 818
39 761
39 533
39 664
0.3
Total general government final consumption expenditure
66 224
65 599
65 322
65 675
0.5
Public gross fixed capital formation
General government
National – defence
2 288
1 187
1 117
1 444
29.2
National – non-defence
2 170
2 388
2 499
2 243
–10.3
Total national
4 458
3 575
3 617
3 687
1.9
State and local
8 970
7 742
7 983
8 361
4.7
Total general government
13 428
11 317
11 599
12 048
3.9
Public corporations
Commonwealth
937
1 202
1 170
1 300
11.1
State and local
3 801
4 739
8 251
4 450
–46.1
Total public corporations
4 739
5 941
9 421
5 750
–39.0
Total public gross fixed capital formation
18 167
17 258
21 021
17 798
–15.3
Memorandum item
Net purchases of second–hand assets by public sector
–2 316
59
4 673
654
–86.0

(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 2010–11.
(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 has been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


MARCH 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 has 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, and Table 4 Total State and Local. These estimates should be interpreted with care.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 12
Dec 12
Mar 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
*
*

LARGE CAPITAL PROJECTS

The public non-financial corporations sector took ownership of some large capital projects that were completed during the December quarter 2012.


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
June 2013
September 2013
3 September 2013
3 December 2013
4 September 2013
4 December 2013

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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