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5519.0.55.001 - Government Finance Statistics, Australia, Quarterly, Electronic Delivery, Mar 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 16/06/2004   
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ABOUT THIS ELECTRONIC RELEASE

This electronic release presents quarterly government finance statistics (GFS) on an accrual accounting basis.

Tables 1-4 provide quarterly GFS to March quarter 2004. The remaining tables show, for each state and territory, total state and local quarterly GFS to December quarter 2003. The June quarter 2004 release will contain the March quarter data for the state and local tables.

All tables are presented in GFS Operating Statement format. Table 2 presents All Levels of government GFS for the public non financial corporations sector. All other tables show data for the general government sector.

The June quarter 2004 issue is currently expected to be released on 31 August 2004. This is one day before the release of the June quarter 2004 National Accounts publication. Users should check the ABS Release Advice closer to the date for confirmation of the release date. Subsequent issues are expected to be released with similar timing.

In the June quarter 2004 issue of this publication, the operating statement for the Commonwealth general government for the June quarter 2004 (Table 3) will not be shown because it would be in advance of the release of the Final Budget Outcome Statement for 2003-04. However, Commonwealth GG data for June quarter 2004 will be included in the All levels of government table (Table 1).


MAIN FEATURES

MARCH QUARTER 2004 KEY FIGURES: ALL LEVELS OF GOVERNMENT

March quarter 2003 to March quarter 2004 movements -

  • In original terms, taxation revenue (GFS basis - see Explanatory Notes, paragraph 40) rose $6,630m to $63,728m, an increase of 11.6 per cent.
December quarter 2003 to March quarter 2004 movements -
  • In original terms, taxation revenue fell $1,907m to $63,728m, due mainly to decreases in taxes on financial and capital transactions.
  • The general government GFS Net operating balance, in original terms, rose $1,185m to $7,628m.
  • In original terms, general government GFS Net lending/borrowing increased its net lending position by $1,557m to $6,946m.

MARCH QUARTER 2004 KEY FIGURES: ALL LEVELS OF GOVERNMENT

Mar qtr
2003
Dec qtr
2003
Mar qtr
2004
% change Mar
qtr 2003 to
Mar qtr 2004
$m
$m
$m
%

Taxation revenue
General government
57,098
65,635
63,728
11.6
Total revenue
General government
69,516
78,636
76,958
10.7
Public non financial corporations
14,527
16,105
15,001
3.3
Total expenses
General government
69,151
72,193
69,330
0.3
Public non financial corporations
14,658
13,671
14,863
1.4
GFS Net operating balance
General government
366
6,443
7,628
..
Public non financial corporations
-131
2,434
139
..
GFS Net lending(+)/borrowing(-)
General government
-167
5,389
6,946
..
Public non financial corporations
-449
1,390
-74
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure rose $67m (0.2%) in March quarter 2004 to $34,020m.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, rose $39m (0.9%) in March quarter 2004 to $4,372m. There were no major public asset sales recorded during the March 2004 quarter.

    QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

    Dec qtr
    2003
    Mar qtr
    2004
    % change Dec
    SEASONALLY ADJUSTED
    qtr 2003 to
    Mar qtr 2004
    $m
    $m
    %

    Current prices
    General government final consumption expenditure(a)
    National
    Defence
    3,354
    3,327
    -0.8
    Non defence
    10,554
    10,831
    2.6
    State and local
    22,186
    22,393
    0.9
    Total general government
    36,094
    36,551
    1.3
    Gross fixed capital formation
    General Government
    4,246
    4,257
    0.3
    Public corporations
    3,191
    2,922
    -8.4
    Chain volume (b)
    General government final consumption expenditure(a)
    National
    Defence
    3,355
    3,283
    -2.1
    Non defence
    9,886
    9,961
    0.8
    State and local
    20,712
    20,777
    0.3
    Total general government
    33,953
    34,020
    0.2
    Gross fixed capital formation
    General government
    4,333
    4,372
    0.9
    Public corporations
    3,170
    2,892
    -8.8

(a) See para 35 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) The reference year for chain volume measures is 2001-02.

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