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5519.0.55.001 - Government Finance Statistics, Australia, Quarterly, Dec 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 06/03/2007   
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DECEMBER QUARTER 2006 KEY FIGURES: ALL LEVELS OF GOVERNMENT

September quarter 2006 to December quarter 2006 movements (in original terms) -

  • Taxation revenue increased by 16.0% to $80,473m.
  • The GFS net operating balance for the general government sector increased by $8,165m, to $7,831m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector increased by $6,429m from a net borrowing position of $1,725m to a net lending position of $4,704m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Sep qtr 2006
Dec qtr 2006
% change
Sep qtr 2006
to Dec qtr 2006
$m
$m
%

Current Prices
Taxation revenue
General government
69,352
80,473
16.0
Total revenue
General government
86,188
95,824
11.2
Public Non-Financial corporations
17,991
18,826
4.6
Total expenses
General government
86,521
87,993
1.7
Public Non-Financial corporations
17,367
16,607
-4.4
GFS Net operating balance
General government
-334
7,831
..
Public Non-Financial corporations
624
2,219
..
GFS Net lending(+)/borrowing(-)
General government
-1,725
4,704
..
Public Non-Financial corporations
-1,445
-603
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2006 from the forthcoming 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 decreased by 0.5% in December quarter 2006.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 11.0% in December quarter 2006.

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

Sep qtr 2006
Dec qtr 2006
% change
Sep qtr 2006
to Dec qtr 2006
$m
$m
%

Current Prices
General government final consumption expenditure (a)
National - defence
4,843
4,290
-11.4
National - non-defence
14,320
14,724
2.8
Total national
19,163
19,014
-0.8
State and local
27,673
27,776
0.4
Total general government final consumption expenditure
46,836
46,791
-0.1
Public gross fixed capital formation
General government
National - defence
338
362
7.1
National - non-defence
866
1,020
17.8
Total national
1,205
1,383
14.8
State and local
4,558
5,000
9.7
Total general government
5,762
6,382
10.8
Public corporations
Commonwealth
1,034
1,434
38.7
State and local
3,714
3,597
-3.2
Total public corporations
4,748
5,031
6.0
Total public gross fixed capital formation
10,510
11,413
8.6
Memorandum item
Net purchases of second-hand assets by public sector
-309
-148
. .

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
4,329
3,809
-12.0
National - non-defence
13,742
14,065
2.3
Total national
18,072
17,874
-1.1
State and local
25,258
25,260
. .
Total general government final consumption expenditure
43,330
43,133
-0.5
Public gross fixed capital formation
General government
National - defence
350
382
9.2
National - non-defence
889
1,046
17.8
Total national
1,238
1,428
15.3
State and local
4,344
4,769
9.8
Total general government
5,582
6,197
11.0
Public corporations
Commonwealth
1,012
1,390
37.3
State and local
3,165
3,089
-2.4
Total public corporations
4,177
4,479
7.2
Total public gross fixed capital formation
9,759
10,676
9.4
Memorandum item
Net purchases of second-hand assets by public sector
-300
-140
. .

(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 2004-05.



DECEMBER QUARTER 2006 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 (2004-05) was released on 29 March 2006. Final annual GFS results for 2005-06 are scheduled for release by the ABS on 3 April 2007.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 06
Dec 06
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
*
*Table 2 All levels of Government - Public Non-Financial Corporations

Telstra data for the December quarter 2006 are included in Table 2 All levels of Government - Public Non-Financial Corporations of this publication.

As outlined in ABS cat. no. 8102.0, Future Treatment of Telstra in ABS Statistics 2007, the ABS considers that the effective date that Telstra moved from public sector to private sector was 20 November 2006. For the purposes of collecting and publishing statistics the ABS has made the pragmatic decision to continue to treat Telstra as a public sector unit up to and including 31 December 2006 (ie up to and including the December quarter 2006) and as a private sector unit subsequent to that (ie from the March quarter 2007).

FORTHCOMING ISSUES

The release of GFS quarterly data is coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The current release dates for the March quarter 2007 and June quarter 2007 issues are :

Issue5519.0.55.0015206.0
March 2007 05/06/2007 06/06/2007
June 2007 04/09/2007 05/09/2007

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 Jonathan Sim on Canberra (02) 6252 5735, email <public.finance@abs.gov.au>.

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