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5519.0.55.001 - Government Finance Statistics, Australia, Quarterly, Electronic Delivery, Mar 2005  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2005   
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ABOUT THIS ELECTRONIC RELEASE

This electronic release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format 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. Quarterly GFS are preliminary aggregations of public sector data and are replaced each year by the publication of final annual GFS. Data for previous quarters therefore were replaced by final annual GFS for the 2003-04 financial year released on 15 April 2005 in Government Finance Statistics 2003-04 Cat. No. 5512.0.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 04
Dec 04
Mar 05
Jun 05

Table 1 All levels of Government
*
*
*
Table 2 All levels of Government - Public Non Financial Corporations
*
*
*
Table 3 Commonwealth Government
*
*
*
Table 4 Total State and 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 Australia
*
*
Table 12 Australian Capital Territory
*
*



The June quarter 2005 release will show each of the four quarters of 2004-05 for Tables 1 and 2 only. All other tables will contain data for September, December, and March quarters.

The June quarter 2005 issue is expected to be released on 6 September 2005 and the September quarter 2005 on 5 December 2005, one day before the release of the June quarter 2005 and September quarter 2005 National Accounts publications respectively. Users should check the ABS Release Advice closer to the date for confirmation of the release date.

The contact officer for this release is Fleming Gilfelt on Canberra (02) 6252 7501.


MARCH QUARTER 2005 KEY FIGURES: ALL LEVELS OF GOVERNMENT

December quarter 2004 to March quarter 2005 movements -
  • In original terms, taxation revenue fell $2,607m to $67,236m, due mainly to decreases in taxes on income for enterprises, crude oil, LPG and petroleum excises, and taxes on financial and capital transactions.
  • The general government GFS Net operating balance, in original terms, fell $230m to $5,908m.
  • In original terms, the general government GFS Net lending position rose $786m, from $4,548m to $5,334m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Dec qtr 2004
Mar qtr 2005
% change Dec qtr 2004 to Mar qtr 2005
$m
$m
%

Current prices
Taxation revenue
General government
69,843
67,236
-3.7
Total revenue
General government
83,288
81,602
-2.0
Public non financial corporations
17,190
16,234
-5.6
Total expenses
General government
77,150
75,694
-1.9
Public non financial corporations
14,899
16,335
9.6
GFS Net operating balance
General government
6,138
5,908
..
Public non financial corporations
2,291
-102
..
GFS Net lending(+)/borrowing(-)
General government
4,548
5,334
..
Public non financial corporations
908
-852
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2005 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 chain volume terms.
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure fell 0.6% in March quarter 2005.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, rose 1.4% in March quarter 2005.

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

Dec qtr 2004


$m
Mar qtr 2005


$m
% change Dec qtr 2004 to Mar qtr 2005
%

Current Prices
General government final consumption expenditure (a)
National-defence
3,692
3,506
-5.0
National-non defence
11,905
11,978
0.6
Total national
15,598
15,484
-0.7
State and local
23,575
23,428
-0.6
Total general government final consumption expenditure
39,173
38,912
-0.7
Public gross fixed capital formation
General government
National-defence
319
266
-16.5
National-non defence
871
792
-9.1
Total national
1,190
1,058
-11.1
State and local
3,407
3,636
6.7
Total general government
4,597
4,693
2.1
Public corporations
Commonwealth
895
909
1.5
State and local
2,457
2,423
-1.4
Total public corporations
3,353
3,331
-0.6
Total public gross fixed capital formation
7,950
8,025
0.9
Memorandum item
Total net sales of public second hand assets
-201
-109
..
Chain Volume (b)
General government final consumption expenditure (a)
National-defence
3,838
3,640
-5.1
National-non defence
10,897
10,918
0.2
Total national
14,735
14,558
-1.2
State and local
21,971
21,915
-0.3
Total general government final consumption expenditure
36,706
36,473
-0.6
Public gross fixed capital formation
General government
National-defence
354
299
-15.5
National-non defence
923
841
-8.9
Total national
1,277
1,140
-10.7
State and local
3,318
3,520
6.1
Total general government
4,595
4,661
1.4
Public corporations
Commonwealth
911
920
1.0
State and local
2,400
2,342
-2.4
Total public corporations
3,311
3,263
-1.5
Total public gross fixed capital formation
7,906
7,923
0.2
Memorandum item
Total net sales of public second hand assets
-209
-111
..

(a) See paragraph 35 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) The base year for chain volume measures is 2002-03.

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