5519.0.55.001 - Government Finance Statistics, Australia, December Quarter 2011 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 06/03/2012   
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DECEMBER QUARTER 2011 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the December quarter 2011 –

  • Taxation revenue increased 21.6% to $101,122m.
  • General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$3,736m.
  • The GFS net lending(+)/borrowing(–) position for the general government sector was –$11,361m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Sept Qtr 2011
Dec Qtr 2011
Sept Qtr 2011 to
Dec Qtr 2011
$m
$m
% change

Current Prices
Taxation revenue
General government
83 130
101 122
21.6
Total revenue
General government
105 043
122 160
16.3
Public Non–Financial corporations
18 902
18 172
– 3.9
Total expenses
General government
125 606
125 896
0.2
Public Non–Financial corporations
18 170
17 484
– 3.8
GFS Net operating balance
General government
– 20 563
– 3 736
..
Public Non–Financial corporations
731
688
..
GFS Net lending(+)/borrowing(–)
General government
– 24 035
– 11 361
..
Public Non–Financial corporations
– 2 261
– 1 810
..



QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2011 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 December quarter 2011:
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $627m, a rise of 1.0% compared with September quarter 2011.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 1.0%.

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

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

Current Prices
General government final consumption expenditure (a)
6 104
6 223
5 961
6 232
4.5
National – defence
18 503
18 536
17 834
18 643
4.5
National – non-defence
24 607
24 759
23 795
24 875
4.5
Total national
37 672
38 525
38 426
38 897
1.2
State and local
Total general government final consumption expenditure
62 280
63 284
62 221
63 772
2.5
Public gross fixed capital formation
General government
National – defence
1 651
2 243
1 929
1 871
-3.0
National – non–defence
3 057
2 231
2 518
2 580
2.5
Total national
4 708
4 474
4 447
4 451
0.1
State and local
9 941
10 107
8 775
8 921
1.7
Total general government
14 648
14 581
13 222
13 371
1.1
Public corporations
Commonwealth
550
542
613
529
-13.8
State and local
5 517
5 448
4 933
5 048
2.3
Total public corporations
6 067
5 989
5 547
5 576
0.5
Total public gross fixed capital formation
20 715
20 570
18 768
18 948
1.0
Memorandum item
Net purchases of second–hand assets by public sector
-61
-344
-156
-328
..

Chain Volume (b)
General government final consumption expenditure (a)
National – defence
5 998
6 087
5 853
6 092
4.1
National – non-defence
18 051
18 043
17 759
18 120
2.0
Total national
24 049
24 130
23 612
24 212
2.5
State and local
36 138
36 609
36 487
36 514
0.1
Total general government final consumption expenditure
60 187
60 739
60 099
60 726
1.0
Public gross fixed capital formation
General government
National – defence
1 781
2 460
2 143
2 077
-3.1
National – non-defence
3 014
2 191
2 594
2 705
4.3
Total national
4 796
4 651
4 737
4 783
1.0
State and local
9 760
9 778
8 539
8 632
1.1
Total general government
14 555
14 429
13 276
13 415
1.0
Public corporations
Commonwealth
558
552
627
534
-14.9
State and local
5 431
5 322
4 828
4 885
1.2
Total public corporations
5 989
5 873
5 455
5 419
-0.7
Total public gross fixed capital formation
20 544
20 302
18 731
18 834
0.6
Memorandum item
Net purchases of second–hand assets by public sector
-62
-347
-162
-336
..

(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.


DECEMBER QUARTER 2011 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 (2009–10) was released on 5 July 2011. Final annual GFS results for 2010–11 are scheduled for release by the ABS on 17 April 2012.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sep 11
Dec 11
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
March 2012
June 2012
5 June 2012
4 September 2012
6 June 2012
5 September 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 Larissa Fischer on Canberra (02) 6252 5392, email <public.finance@abs.gov.au>