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5501.2.55.001 - Government Financial Estimates, Victoria, Electronic Delivery, 2002-03  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 26/07/2002   
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INTRODUCTION


This electronic release presents government finance statistics (GFS) on an accrual accounting basis for the Victoria state government as follows:

  • Operating statements for 1998-99 to 2002-03;
  • Cash flow statements for 1998-99 to 2002-03; and
  • Balance sheets at 30 June 1999 to 2002.

A table containing statistics for total general government expenses by purpose at the 2-digit GPC level is also included for 1998-99 to 2002-03.

The sectors available in this release include General Government, Public Non-financial Corporations, and Non-financial Public Sector.

The statistics presented for the years 1998-99 to 2000-01 represent audited actual data while the statistics presented for 2001-02 and 2002-03 are preliminary and forward estimates respectively.

While the statistics presented in this release only cover the Victoria state government, further electronic releases will occur through to late October 2002 covering the various state and territory governments as their estimates become available. All Australia government tables will be released on 30 October 2002.

This series of electronic releases replaces the former printed publication Government Financial Estimates (cat. no. 5501.0).

The summary tables below show the 2001-02 and 2002-03 net lending/borrowing results respectively for Victoria state government for the general government sector, public non-financial corporations and non-financial public sector.


VICTORIA STATE, OPERATING STATEMENT - 2001-02

General Government
Public Non-financial Corporations
Non-financial Public Sector

$m
$m
$m
GFS Revenue
24,975
5,009
27,976
GFS Expenses
23,801
4,664
26,457
GFS Net Operating Balance
1,174
345
1,519
Net acquisition of non-financial assets
1,017
511
1,528
GFS Net Lending(+)/Borrowing(-)
157
-166
-9


VICTORIA STATE, OPERATING STATEMENT - 2002-03

General Government
Public Non-financial Corporations
Non-financial Public Sector

$m
$m
$m
GFS Revenue
25,264
4,851
28,216
GFS Expenses
24,761
4,472
27,335
GFS Net Operating Balance
503
378
881
Net acquisition of non-financial assets
896
852
1,748
GFS Net Lending(+)/Borrowing(-)
-393
-474
-867



The summary tables below show the 2001-02 and 2002-03 surplus/deficit results respectively for Victoria state government for the general government sector, public non-financial corporations and non-financial public sector.


VICTORIA STATE, CASH FLOW STATEMENT - 2001-02

General Government
Public Non-financial Corporations
Non-financial Public Sector

$m
$m
$m
Net cash flows from operating activities
2,759
1,193
3,466
Net cash flows from investments in non-financial assets
-1,911
-926
-2,837
Net cash flows from investments in financial assets for policy purposes
24
96
64
Net cash flows from investments in financial assets for liquidity purposes
-896
90
-806
Net cash flows from financing activities
-3
-563
-23
Net increase(+)/decrease(-) in cash held
-27
-109
-136
Surplus(+)/Deficit(-)
848
-220
629


VICTORIA STATE, CASH FLOW STATEMENT - 2002-03

General Government
Public Non-financial Corporations
Non-financial Public Sector

$m
$m
$m
Net cash flows from operating activities
1,594
1,086
2,337
Net cash flows from investments in non-financial assets
-1,848
-1,303
-3,151
Net cash flows from investments in financial assets for policy purposes
-210
286
61
Net cash flows from investments in financial assets for liquidity purposes
512
111
624
Net cash flows from financing activities
-15
-250
92
Net increase(+)/decrease(-) in cash held
33
-70
-37
Surplus(+)/Deficit(-)
-254
-559
-813



The summary table below shows the balance sheet aggregates for Victoria state government for the general government sector, public non-financial corporations and non-financial public sector as at 30 June 2002.

VICTORIA STATE, BALANCE SHEET - At 30 June 2002

General Government
Public Non-financial Corporations
Non-financial Public Sector

$m
$m
$m
Assets
Financial assets
32,589
2,952
8,786
Non-financial assets
37,395
28,223
65,576
Total
69,984
31,174
74,362
Liabilities
23,697
5,545
28,074
Shares and other contributed capital
-
25,629
-
GFS Net Worth
46,288
-
46,288


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