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5519.0.55.001 - Government Finance Statistics, Australia, Dec 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/03/2008   
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Note: Republished on 4/3/2008 at 12:57pm to correct an error in Main Features. The movement in the general government gross fixed capital formation, in seasonally adjusted chain volume terms, was incorrectly described as a 7.8% decrease. This should have been described as a 7.8% increase.

DECEMBER QUARTER 2007 KEY FIGURES: ALL LEVELS OF GOVERNMENT


September quarter 2007 to December quarter 2007 movements (in original terms) -

  • Taxation revenue increased by 18.7% to $90,114m.
  • The GFS net operating balance for the general government sector increased to $11,109m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector increased to a net lending position of $7,355m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Sep Qtr 2007
Dec Qtr 2007
Sep Qtr 2007
to Dec Qtr 2007
$m
$m
% change

Current Prices
Taxation revenue
General government
75,907
90,114
18.7
Total revenue
General government
94,100
106,385
13.1
Public Non-Financial corporations
13,294
13,650
2.7
Total expenses
General government
91,833
95,276
3.7
Public Non-Financial corporations
11,804
12,659
7.2
GFS Net operating balance
General government
2,267
11,109
..
Public Non-Financial corporations
1,490
991
..
GFS Net lending(+)/borrowing(-)
General government
288
7,355
..
Public Non-Financial corporations
-1,335
-2,293
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2007 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 1.7% in the December quarter 2007.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 7.8% in the December quarter 2007.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Sep Qtr 2007
Dec Qtr 2007
Sep Qtr 2007
to Dec Qtr 2007
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
4,212
4,642
10.2
National - non-defence
15,068
15,531
3.1
Total national
19,280
20,174
4.6
State and local
30,815
31,186
1.2
Total general government final consumption expenditure
50,095
51,360
2.5
Public gross fixed capital formation
General government
National - defence
478
463
-3.2
National - non-defence
1,006
1,029
2.3
Total national
1,484
1,491
0.5
State and local
5,083
5,648
11.1
Total general government
6,567
7,139
8.7
Public corporations
Commonwealth
249
267
7.4
State and local
4,522
4,573
1.1
Total public corporations
4,771
4,840
1.5
Total public gross fixed capital formation
11,337
11,979
5.7
Memorandum item
Net purchases of second-hand assets by public sector
-226
-244
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
3,981
4,358
9.4
National - non-defence
14,021
14,242
1.6
Total national
18,002
18,599
3.3
State and local
27,727
27,910
0.7
Total general government final consumption expenditure
45,729
46,510
1.7
Public gross fixed capital formation
General government
National - defence
476
467
-1.9
National - non-defence
1,028
1,049
2.1
Total national
1,504
1,517
0.8
State and local
4,896
5,379
9.9
Total general government
6,400
6,896
7.8
Public corporations
Commonwealth
225
242
7.6
State and local
4,194
4,275
1.9
Total public corporations
4,419
4,517
2.2
Total public gross fixed capital formation
10,819
11,413
5.5
Memorandum item
Net purchases of second-hand assets by public sector
-222
-240
. .

(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 2005-06.


DECEMBER QUARTER 2007 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.

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 (2005-06) was released on 3 April 2007. Final annual GFS results for 2006-07 are scheduled for release by the ABS on 15 April 2008.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 07
Dec 07
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 quarter 2007 and March quarter 2008 issues are:

Issue5519.0.55.0015206.0
March 20073 June 20084 June 2008
June 2008
September 2008
December 2008
2 September 2008
2 December 2008
3 March 2008
3 September 2008
December 2008
March 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 Glynis Orrell on Canberra (02) 6252 5735, email <public.finance@abs.gov.au>.


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