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5519.0.55.001 - Government Finance Statistics, Australia, Sep 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/12/2007   
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SEPTEMBER QUARTER 2007 KEY FIGURES: ALL LEVELS OF GOVERNMENT

June quarter 2007 to September quarter 2007 movements (in original terms) -

  • Taxation revenue decreased by 15.5% to $75,814m.
  • The GFS net operating balance for the general government sector decreased to 2,241m.
  • The GFS net lending(+)/borrowing(-) position for the general government sector decreased to a net lending position of $314m.
GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Jun Qtr 2007
Sep Qtr 2007
Jun Qtr 2007
to Sep Qtr 2007
$m
$m
% change

Current Prices
Taxation revenue
General government
89,698
75,814
-15.5
Total revenue
General government
109,673
93,567
-14.7
Public Non-Financial corporations
15,891
13,241
-16.7
Total expenses
General government
95,617
91,326
-4.5
Public Non-Financial corporations
13,929
11,876
-14.7
GFS Net operating balance
General government
14,056
2,241
..
Public Non-Financial corporations
1,962
1,366
..
GFS Net lending(+)/borrowing(-)
General government
9,393
314
..
Public Non-Financial corporations
-2,417
-1,432
..


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the September quarter 2007 from the 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 in chain volume terms.
  • In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by 1.0% in the September quarter 2007.
  • General government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 4.6% in the September quarter 2007.
QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES, SEASONALLY ADJUSTED

Jun Qtr 2007
Sep Qtr 2007
Jun Qtr 2007
to Sep Qtr 2007
$m
$m
% change

Current Prices
General government final consumption expenditure (a)
National - defence
4,175
4,189
0.3
National - non-defence
14,642
14,987
2.4
Total national
18,818
19,176
1.9
State and local
29,909
30,402
1.6
Total general government final consumption expenditure
48,727
49,577
1.7
Public gross fixed capital formation
General government
National - defence
460
449
-2.3
National - non-defence
1,268
1,006
-20.7
Total national
1,728
1,455
-15.8
State and local
5,061
5,080
0.4
Total general government
6,789
6,535
-3.7
Public corporations
Commonwealth
238
245
2.9
State and local
4,504
4,546
0.9
Total public corporations
4,742
4,791
1.0
Total public gross fixed capital formation
11,531
11,327
-1.8
Memorandum item
Net purchases of second-hand assets by public sector
-482
-247
..

Chain Volume (b)
General government final consumption expenditure (a)
National - defence
3,914
3,927
0.3
National - non-defence
13,834
14,007
1.2
Total national
17,748
17,934
1.0
State and local
27,544
27,828
1.0
Total general government final consumption expenditure
45,292
45,762
1.0
Public gross fixed capital formation
General government
National - defence
462
453
-1.9
National - non-defence
1,302
1,029
-21.0
Total national
1,764
1,482
-16.0
State and local
4,921
4,893
-0.6
Total general government
6,685
6,376
-4.6
Public corporations
Commonwealth
214
221
3.5
State and local
4,150
4,202
1.3
Total public corporations
4,363
4,423
1.4
Total public gross fixed capital formation
11,048
10,799
-2.3
Memorandum item
Net purchases of second-hand assets by public sector
-475
-244
. .

(a) See paragraph 33 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2004-05.


SEPTEMBER QUARTER 2007 GFS RELEASE

This release presents quarterly government finance statistics (GFS) 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.

In the September quarter, data are presented for the quarters of the previous financial year in addition to that for the current quarter. No September 2007 quarter data for the individual state and territory jurisdictions are presented. It should be noted that the quarterly ABS GFS data, including that presented in this publication, are based on preliminary data provided by jurisdictions throughout the year. For this reason, the four quarters of the previous financial year will not necessarily sum to the final financial year results recently released by some jurisdictions. Final annual GFS data for 2006-07 are scheduled for release by the ABS in April 2008, in Government Finance Statistics, Australia (cat.no. 5512.0).

Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2005-06) was released on 3 April 2007.


RELEASE OF QUARTERLY GFS THIS ISSUE

Table
Sept 06
Dec 06
Mar 07
June 07
Sept 07

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 December quarter 2007 and March quarter 2008 issues are:

Issue5519.0.55.0015206.0
December 20074 March 20085 March 2008
March 20083 June 20084 June 2008

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 Glynis Orrell on Canberra (02) 6252 5735, email <public.finance@abs.gov.au>.

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