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5519.0.55.001 - Government Finance Statistics, Australia, Quarterly, Electronic Delivery, Sep 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/11/2004   
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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. Tables 1 to 4 provide quarterly GFS from the June quarter 2003 to the September quarter 2004. Tables 5 to 12 show, for each state and territory, total state and local quarterly GFS from the June quarter 2003 to the June quarter 2004.

Table 3 for the Commonwealth general government sector contains September quarter 2004 GFS and revised 2003-04 quarterly GFS which agree in total with Commonwealth final annual GFS from the Final Budget Outcome Statement for 2003-04.

The December quarter 2004 release will contain the September quarter data for the individual state and local tables.

The December quarter 2004 issue is expected to be released on 1 March 2005 and the March quarter 2005 on 31 May 2005, one day before the release of the December quarter 2004 and March 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.


SEPTEMBER QUARTER 2004 KEY FIGURES: ALL LEVELS OF GOVERNMENT

September quarter 2003 to September quarter 2004 movements -

  • In original terms, taxation revenue (GFS basis - see Explanatory Notes, paragraph 40) rose $5,515m to $62,476m, an increase of 9.7 per cent.
June quarter 2004 to September quarter 2004 movements -
  • In original terms, taxation revenue fell $7,676m to $62,476m, due mainly to decreases in taxes on income for individuals and enterprises.
  • The general government GFS Net operating balance, in original terms, fell $2,627m to $929m.
  • In original terms, the general government GFS Net lending position declined by $186m, from $877m to $691m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT

2002-03
(a)
2003-04
(a)
Sep qtr 2003
Jun qtr 2004
Sep qtr 2004
% change Sep qtr 2003 to Sep qtr 2004
$m
$m
$m
$m
$m
%

Taxation revenue
General government
237,477
256,348
56,961
70,152
62,476
9.7
Total revenue
General government
286,586
309,738
70,933
83,254
76,495
7.8
Public non financial corporations
59,653
61,479
14,958
15,733
15,391
2.9
Total expenses
General government
275,120
291,829
70,500
79,698
75,566
7.2
Public non financial corporations
57,815
56,991
14,813
13,693
15,201
2.6
GFS Net operating balance
General government
11,467
17,910
434
3,556
929
..
Public non financial corporations
1,839
4,487
145
2,040
190
..
GFS Net lending(+)/borrowing(-)
General government
8,425
12,799
14
877
691
..
Public non financial corporations
-687
1,767
161
542
-992
..

(a) The 2002-03 GFS data are annual data as published in Government Finance Statistics, Australia (cat. no. 5512.0) in April 2004. The 2003-04 data figures are preliminary based on the sum of the four quarters of the 2003-04 financial year, with the exception of the Commonwealth general government where final annual data are included. Final annual data for 2003-04 for all jurisdictions will be available in Government Finance Statistics, Australia (cat. no. 5512.0) to be published in April 2005.


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2004 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 rose 1.5% in September quarter 2004.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, rose 5.9% in September quarter 2004.


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

Jun qtr 2004
Sep qtr 2004
% change Jun qtr 2004 to Sep qtr 2004
$m
$m
%

Current prices
General government final consumption expenditure (a)
National
Defence
3,495
3,502
0.2
Non defence
11,604
11,788
1.6
State and local
22,026
22,823
3.6
Total general government
37,125
38,113
2.7
Gross fixed capital formation
General Government
4,516
4,738
4.9
Public corporations
2,957
3,116
5.4
Chain volume (b)
General government final consumption expenditure(a)
National
Defence
3,563
3,686
3.5
Non defence
10,866
11,033
1.5
State and local
21,389
21,630
1.1
Total general government
35,817
36,349
1.5
Gross fixed capital formation
General government
4,495
4,759
5.9
Public corporations
2,965
3,117
5.1

(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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