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5519.0.55.001 - Government Finance Statistics, Australia, March Quarter 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 05/06/2012   
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MARCH QUARTER 2012 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the March quarter 2012:

  • Taxation revenue decreased 5.4% to $95,817m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$6,601m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$10,350m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Dec Qtr 2011
Mar Qtr 2012
Dec Qtr 2011 to
Mar Qtr 2012
$m
$m
% change

Current Prices
Taxation revenue
General government
101 286
95 817
–5.4
Total revenue
General government
122 176
118 406
–3.1
Public Non–Financial corporations
18 240
19 133
4.9
Total expenses
General government
125 741
125 007
–0.6
Public Non–Financial corporations
17 738
18 145
2.3
GFS Net operating balance
General government
–3 564
–6 601
..
Public Non–Financial corporations
501
988
..
GFS Net lending(+)/borrowing(–)
General government
–10 647
–10 350
..
Public Non–Financial corporations
–2 034
–1 342
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the March quarter 2012 which will be included in the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the March quarter 2012:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $340m, a rise of 0.6% compared with December quarter 2011.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 0.3%.

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

Jun Qtr
2011
Sep Qtr
2011
Dec Qtr
2011
Mar Qtr
2012
Dec Qtr 2011 to
Mar Qtr 2012
$m
$m
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National – defence
6 229
5 955
6 246
6 370
2.0
National – non-defence
18 552
17 828
18 657
18 759
0.5
Total national
24 782
23 783
24 903
25 130
0.9
State and local
38 537
38 472
38 570
38 892
0.8
Total general government final consumption expenditure
63 319
62 255
63 473
64 022
0.9
Public gross fixed capital formation
General government
National – defence
2 164
1 919
1 866
1 897
1.6
National – non–defence
2 245
2 531
2 698
3 069
13.7
Total national
4 409
4 450
4 565
4 965
8.8
State and local
10 096
8 732
8 726
8 328
–4.6
Total general government
14 504
13 182
13 291
13 293
Public corporations
Commonwealth
558
707
636
883
38.8
State and local
5 458
4 944
5 062
4 944
–2.3
Total public corporations
6 016
5 651
5 699
5 827
2.3
Total public gross fixed capital formation
20 520
18 833
18 990
19 120
0.7
Memorandum item
Net purchases of second–hand assets by public sector
–344
–136
–341
–175
..

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
6 092
5 847
6 108
6 231
2.0
National – non-defence
18 048
17 757
18 135
18 160
0.1
Total national
24 140
23 605
24 243
24 391
0.6
State and local
36 608
36 520
36 327
36 519
0.5
Total general government final consumption expenditure
60 748
60 125
60 570
60 910
0.6
Public gross fixed capital formation
General government
National – defence
2 376
2 133
2 072
2 091
0.9
National – non-defence
2 227
2 634
2 858
3 211
12.4
Total national
4 603
4 767
4 929
5 302
7.6
State and local
9 765
8 495
8 442
8 036
–4.8
Total general government
14 368
13 262
13 372
13 338
–0.3
Public corporations
Commonwealth
569
730
651
903
38.6
State and local
5 331
4 838
4 907
4 781
–2.6
Total public corporations
5 900
5 568
5 559
5 684
2.2
Total public gross fixed capital formation
20 268
18 830
18 931
19 022
0.5
Memorandum item
Net purchases of second–hand assets by public sector
–347
–142
–350
–180
..

– nil or rounded to zero (including null cells)
(a) See paragraph 37 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2009–10.


MARCH QUARTER 2012 GFS RELEASE

This release presents quarterly government finance statistics 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 (2010–11) was released on 17 April 2012. Final annual GFS results for 2011–12 are scheduled for release by the ABS in April 2013.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 11
Dec 11
Mar 12
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 next two issues are:

Issue5519.0.55.0015206.0
June 2012
September 2012
4 September 2012
4 December 2012
5 September 2012
5 December 2012

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 Jon Shaw on Canberra (02) 6252 5382, email <public.finance@abs.gov.au>



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