Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
1301.0 - Year Book Australia, 2006  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 20/01/2006   
   Page tools: Print Print Page RSS Feed RSS Bookmark and Share Search this Product  
Contents >> Chapter 27 - Government finance >> General government, all levels of government combined

GENERAL GOVERNMENT, ALL LEVELS OF GOVERNMENT COMBINED

OPERATING STATEMENT

Table 27.4 presents an Operating Statement for the general government sector for 2003-04.

In 2003-04 the GFS NOB for the general government sector for all levels of government combined was $15,639m, indicating that GFS operating revenue exceeded GFS operating expenses. The largest contributor to this result was the NOB for the Commonwealth Government of $7,115m.

GFS Net Lending for the general government sector for all levels of government combined was $10,223m. The Commonwealth Government and the state governments contributed $6,389m and $4,063m respectively to the aggregate result.

27.4 ALL LEVELS OF GOVERNMENT, General government Operating Statement - 2003-04

Commonwealth
Multi-
jurisdictional(a)
State
Local
All levels of government(b)
$m
$m
$m
$m
$m

GFS Revenue
Taxation revenue
209,195
-
40,394
7,663
256,767
Current grants and subsidies
-
5,230
55,483
2,427
990
Sales of goods and services
4,310
6,240
11,078
6,178
25,926
Interest
1,302
258
4,390
505
6,246
Dividend income
4,199
84
2,932
29
7,245
Other
2,538
667
9,691
3,482
13,082
Total
221,545
12,480
123,969
20,283
310,256
less
GFS Expenses
Gross operating expenses
Depreciation
1,639
826
5,864
3,847
12,176
Employee expenses
16,200
6,542
50,900
6,604
80,238
Other operating expenses
39,915
4,408
30,429
7,287
79,680
Total
57,755
11,775
87,194
17,737
172,095
Nominal superannuation interest expenses
4,898
-
3,381
-
8,278
Other interest expenses
4,201
39
2,218
364
6,616
Other property expenses
-
-
1
-
1
Current transfers
144,543
55
20,758
128
103,843
Capital transfers
3,034
4
3,760
33
3,787
Total
214,430
11,873
117,312
18,265
294,617
equals
GFS Net Operating Balance
7,115
607
6,657
2,018
15,639
less
Net acquisition of non-financial assets
Gross fixed capital formation
2,104
1,060
8,488
5,512
17,166
less Depreciation
1,639
826
5,864
3,847
12,176
plus Change in inventories
780
-
-1
4
783
plus Other transactions in non-financial assets
-519
4
-29
187
-357
Total
726
238
2,594
1,857
5,415
equals
GFS Net Lending(+)/Borrowing(-)
6,389
369
4,063
161
10,223

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government.

Source: Government Finance Statistics, Australia, 2003-04 (5512.0).


CASH FLOW STATEMENT

The general government sector for all levels of government combined recorded a cash surplus of $14,399m in 2003-04 (table 27.5). The Commonwealth Government recorded a surplus of $7,971m while the state and territory governments collectively contributed $6,981m to the overall surplus.

27.5 ALL LEVELS OF GOVERNMENT, General government Cash Flow Statement - 2003-04

Commonwealth
Multi-
jurisdictional(a)
State
Local
All levels of
government(b)
$m
$m
$m
$m
$m

CASH FLOW STATEMENT

Cash receipts from operating activities
Taxes received
205,328
-
40,080
7,721
252,769
Receipts from sales of goods and services
4,199
5,483
11,549
6,246
25,691
Grants and subsidies received
-
5,228
57,944
2,684
1,074
Interest
1,054
169
4,372
526
5,911
Other receipts
5,809
1,543
11,944
2,026
21,221
Total
216,391
12,424
125,889
19,203
306,665
Cash payments for operating activities
Payments for goods and services
-55,144
-9,386
-81,356
-13,004
-157,106
Grants and subsidies
-74,442
-1
-22,441
-134
-32,804
Interest paid
-4,050
-42
-2,220
-340
-6,442
Other payments
-72,930
-1,635
-4,334
-1,496
-79,926
Total
-206,566
-11,064
-110,350
-14,974
-276,276
Net cash flows from operating activities
9,825
1,360
15,538
4,229
30,389
Net cash flows from investments in non-financial assets
Sales of non-financial assets
832
196
1,526
735
3,288
Purchases of new non-financial assets
-2,681
-1,258
-9,771
-5,249
-18,958
Purchases of secondhand non-financial assets
-
-
-
-
-
Total
-1,849
-1,063
-8,245
-4,514
-15,670
Net cash flows from investments in financial assets for policy purposes
-452
3
-533
18
-1,192
Net cash flows from investments in financial assets for liquidity purposes
-3,040
-286
-3,106
-137
-6,589
Net cash flows from financing activities
Advances received (net)
-
-4
-264
14
-25
Borrowing (net)
-2,458
13
-1,801
31
-4,229
Deposits received (net)
98
3
3
22
146
Other financing (net)
-2,878
192
-74
844
-569
Total
-5,238
204
-2,136
910
-4,678
Net Increase(+)/Decrease(-) in Cash Held
-754
219
1,519
506
2,260

SURPLUS(+)/DEFICIT(-)

Net cash flows from operating activities and net cash flows from investments in non-financial assets
7,976
297
7,293
-286
14,719
Acquisitions of assets under finance leases and similar arrangements
-5
-
-312
-3
-320
Surplus(+)/Deficit(-)
7,971
297
6,981
-289
14,399

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government.
Note: Negative figures denote outflows.


Source: Government Finance Statistics, Australia, 2003-04 (5512.0).


BALANCE SHEET

The consolidated GFS Net Worth at 30 June 2004 for the general government sector for all levels of government combined was $508,184m (table 27.6). The most significant assets held were land and fixed assets of $474,824m followed by equity in financial assets of $207,705m. The most significant liabilities were unfunded superannuation liability and other employee entitlements of $173,407m, followed by borrowings of $98,306m.

27.6 ALL LEVELS OF GOVERNMENT, General government Balance Sheet - 30 June 2004

Commonwealth
Multi-
jurisdictional(a)
State
Local
All levels of government(b)
$m
$m
$m
$m
$m

Assets
Financial assets
Cash and deposits
1,572
1,007
8,253
4,508
15,341
Advances paid
23,113
-
4,322
8
23,427
Investments, loans and placements
24,188
4,894
33,207
4,578
66,869
Other non-equity assets
20,571
3,485
14,086
1,763
37,433
Equity
49,560
91
157,409
645
207,705
Total
119,004
9,478
217,277
11,501
350,775
Non-financial assets
Land and fixed assets
40,284
20,488
244,702
169,350
474,824
Other non-financial assets
197
125
3,087
1,802
5,202
Total
40,481
20,613
247,788
171,152
480,026
Total
159,484
30,091
465,065
182,654
830,800
Liabilities
Deposits held
2,591
17
1,379
490
4,478
Advances received
-
16
4,027
397
-
Borrowing
65,892
645
26,175
5,178
98,316
Unfunded superannuation liability and other employee entitlements
96,617
4,562
70,503
1,725
173,407
Other provisions
3,768
32
8,789
262
12,851
Other non-equity liabilities
20,938
1,328
11,863
1,917
33,565
Total
189,806
6,599
122,736
9,969
322,616
GFS Net Worth
-30,322
23,492
342,329
172,685
508,184
Net debt(c)
19,610
-5,225
-14,200
-3,029
-2,844
Net financial worth(d)
-70,803
2,879
94,540
1,532
28,158

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classifications of a unit to a jurisdiction is otherwise unclear. The main type of units currently falling into this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figure due to transfers between levels of government.
(c) Equals deposits held, advances received and borrowing less cash and deposits, advances paid and investments, loans and placements.
(d) Equals total financial assets less total liabilities. While Net financial worth should add across levels of government, small discrepancies may remain due to the difficulties in accurately identifying the parties and counter-parties associated with financial assets and liabilities.

Source: Government Finance Statistics, Australia, 2003-04 (5512.0).


Previous PageNext Page


Bookmark and Share. Opens in a new window


Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.