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5501.0.55.001 - Government Financial Estimates, Australia, 2011-12 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/08/2011   
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INFORMATION ABOUT THIS RELEASE

This release presents consolidated 2011-12 budget forecasts for the general government sector for Commonwealth and all jurisdictions. Government Financial Estimates (GFE) for the Commonwealth and state governments are compiled from initial budget forecasts. Two main statements are presented; the Operating Statement and the Cash Flow Statement.

Data for this release are sourced from the following Commonwealth and state government budget forecasts.

JurisdictionDate of budget forecast release
Commonwealth10 May 2011
New South Wales6 September 2011
Victoria3 May 2011
Queensland14 June 2011
South Australia9 June 2011
Western Australia19 May 2011
Tasmania16 June 2011
Northern Territory3 May 2011
Australian Capital Territory3 May 2011


MAIN FEATURES

2011–12 OPERATING STATEMENT

The table below presents the 2011–12 GFS net operating balance and net lending(+)/borrowing(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT 2011–12
General Government
Commonwealth
Multi–
jurisdictional (a)(b)
State
Local (b)
All levels of government (c)

$m
$m
$m
$m
$m
GFS Revenue
349 001
22 100
205 836
39 128
496 929
GFS Expenses
364 786
21 095
210 418
32 055
512 802
GFS Net Operating Balance
-15 784
1 006
-4 582
7 073
-15 872
Net acquisition of non–financial assets
4 410
1 669
15 595
7 198
28 873
GFS Net Lending(+)/Borrowing(–)
-20 195
-663
-20 178
-125
-44 746

(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 type of units in this category are the public universities.
(b) Data for local government and multi–jurisdictional sector are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.

2011–12 CASH FLOW STATEMENT

The table below presents the 2011–12 GFS surplus(+)/deficit(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT 2011–12
General Government

Commonwealth
Multi–
jurisdictional (a)(b)
State
Local (b)
All levels of government (c)

$m
$m
$m
$m
$m
Surplus(+)/Deficit(–)
-19 986
-970
-18 380
-1 658
-33 845

(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 type of units in this category are the public universities.
(b) Data for local government and multi–jurisdictional are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.

KEY STATE GOVERNMENT BALANCES

The table below presents 2011–12 GFS estimates for the key analytical balances in the operating and cash flow statement for the general government sector of each state and territory jurisdiction.

STATE GOVERNMENTS, KEY ANALYTICAL BALANCES 2011–12
General Government

Operating Statement
Cash Flow Statement


GFS Net
Operating
Balance
GFS Net
Lending (+)/
Borrowing(–)
Surplus(+)/
Deficit(–)

$m
$m
$m
New South Wales
-718
-3 986
-3 413
Victoria
140
-2 516
-2 571
Queensland
-4 058
-8 509
-7 980
South Australia
-243
-1 253
-1 182
Western Australia
442
-2 511
-2 285
Tasmania
-118
-366
-187
Northern Territory
98
-435
-411
Australian Capital Territory
-116
-594
-339


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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