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1301.0 - Year Book Australia, 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2004   
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Contents >> Government finance >> General government, all levels of government combined

This section sets out the Operating Statement, Cash Flow Statement and Balance Sheet for the general government sector for all levels of government.

Operating Statement

Table 27.4 presents an Operating Statement for the general government sector for 2001-02.

In 2001-02 the GFS NOB for the general government sector for all levels of government combined was negative $610m, indicating that GFS operating expenses exceeded GFS operating revenue. The largest contributor to this result was the NOB for the Commonwealth Government of negative $3,647m. This was partially offset by the NOB for the consolidated state governments of $2,562m.

GFS Net Borrowing for the general government sector for all Australian governments combined was $4,700m. The Commonwealth Government and the state governments contributed $3,278m and $460m respectively to the aggregate result.

27.4 ALL AUSTRALIAN GOVERNMENTS, General government: Operating Statement - 2001-02

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

GFS Revenue
Taxation revenue
177,237
-
33,263
6,749
216,915
Current grants and subsidies
-
4,521
50,752
2,154
57
Sales of goods and services
3,784
4,871
9,980
5,759
22,996
Interest from public non-financial corporations
52
-
172
-
225
Interest from public financial corporations
454
24
306
41
825
Interest from other sources
681
230
32
328
1,030
Dividend income
4,766
57
2,875
11
7,708
Other
2,785
757
9,322
2,577
11,666
Total
189,759
10,460
106,702
17,620
261,422
less
GFS Expenses
Gross operating expenses
Depreciation
1,667
688
5,301
3,651
11,307
Employee expenses
13,684
5,580
44,063
5,627
68,953
Other operating expenses
34,154
3,284
27,922
6,718
70,692
Total
49,504
9,552
77,287
15,997
150,952
Nominal superannuation interest expenses
4,987
-
2,635
-
7,622
Other interest expenses
5,511
37
2,295
400
8,007
Other property expenses
-
-
-
-
-
Current transfers
Grant expenses to state governments
49,284
1
265
-
266
Grant expenses to the private sector
7,047
16
10,269
18
17,350
Grant expenses to universities
4,327
-
127
-
-
Grant expenses to local governments
490
-
1,994
-
-
Grant expenses n.e.c.
-
-
21
-
-
Subsidy expenses to public corporations
361
-
3,534
-
3,895
Subsidy expenses to other
4,570
9
537
-
5,116
Other current transfers
63,035
359
1,122
109
64,208
Capital transfers
Grant expenses to public non-financial corporations
-
-
1,459
-
1,459
Grant expenses to public financial corporations
-
-
22
-
22
Grant expenses to other levels of government
3,185
-
557
-
-
Grant expenses n.e.c.
1,106
-
1,823
17
2,946
Other capital transfers
-
2
194
9
189
Total
193,406
9,976
104,140
16,551
262,032
equals
GFS Net Operating Balance
-3,647
483
2,562
1,069
-610
less
Net acquisition of non-financial assets
Gross fixed capital formation
1,172
1,092
8,455
4,517
15,248
less Depreciation
1,667
688
5,301
3,651
11,307
plus Change in inventories
185
-
-15
-10
160
plus Other transactions in non-financial assets
-59
41
-117
125
-10
Total
-369
445
3,022
980
4,090
equals
GFS Net Lending(+)/Borrowing(-)
-3,278
39
-460
89
-4,700

(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 sums of individual levels of government may not agree with total figures for all levels of government due to transfers between levels of government.
Source: Government Finance Statistics, Australia, 2001-02 (5512.0).

Cash Flow Statement

As table 27.5 shows, in 2001-02 the general government sector for all levels of government combined recorded a cash surplus of $2,995m. On a consolidated basis, state and territory governments collectively contributed $4,314m to the overall surplus while the Commonwealth Government recorded a deficit of $1,099m.

27.5 ALL AUSTRALIAN GOVERNMENTS, General government: Cash Flow Statement - 2001-02

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
174,308
-
33,360
6,733
214,161
Receipts from sales of goods and services
3,727
4,444
9,826
5,768
21,996
Grants and subsidies received
-
4,672
53,910
2,866
948
Interest received from public non-financial corporations
46
-
173
-
218
Interest received from public financial corporations
-
1
303
87
391
Interest from other sources
872
211
432
293
1,569
Other receipts
7,271
1,322
10,204
1,652
16,936
Total
186,223
10,651
108,209
17,398
256,220
Cash payments for operating activities
Payments for goods and services
-48,427
-7,872
-68,434
-12,774
-135,757
Grants and subsidies paid to state governments
-52,364
-1
-20
-
-
Grants and subsidies paid to the private sector
-10,627
-
-12,967
-27
-23,620
Grants and subsidies paid to universities
-4,405
-
-128
-
-
Grants and subsidies paid to local governments
-495
-
-2,523
-
-89
Grants and subsidies paid to public corporations
-232
-
-5,279
-
-5,511
Interest paid
-6,303
-26
-2,288
-395
-8,801
Other payments
-63,355
-1,481
-4,074
-137
-65,193
Total
-186,208
-9,379
-95,713
-13,333
-238,970
Net cash flows from operating activities
15
1,272
12,495
4,065
17,249
Net cash flows from investments in non-financial assets
Sales of non-financial assets
914
66
1,020
598
2,598
Purchases of new non-financial assets
-2,107
-1,197
-9,197
-4,363
-16,863
Purchases of secondhand non-financial assets
-
-
-5
-2
-7
Total
-1,193
-1,131
-8,182
-3,767
-14,273
Net cash flows from investments in financial assets for policy purposes
3,422
-1
1,205
-
4,365
Net cash flows from investments in financial assets for liquidity purposes
3,097
-94
-829
-15
1,216
Net cash flows from financing activities
Advances received (net)
-
79
-323
15
-55
Borrowing (net)
-3,903
52
-1,320
-22
-5,199
Deposits received (net)
7
-
-129
21
-101
Other financing (net)
-393
9
-452
104
908
Total
-4,290
140
-2,225
118
-4,447
Net Increase(+)/Decrease(-) in Cash Held
1,052
186
2,465
400
4,109

SURPLUS(+)/DEFICIT(-)

Net cash flows from operating activities and net cash flows from investments in non-financial assets
-1,177
141
4,314
298
2,976
Acquisitions of assets under finance leases and similar arrangements
78
-
1
-60
18
Surplus(+)/Deficit(-)
-1,099
141
4,314
238
2,995

(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 sums of individual levels of government may not agree with totals for all levels of government due to transfers between levels of government.
Note: Negative figures denote outflows.
Source: Government Finance Statistics, Australia, 2001-02 (5512.0).

Balance Sheet

GFS Net Worth reflects the contribution of governments to the wealth of Australia. The consolidated GFS Net Worth as at 30 June 2002 for the general government sector for all levels of government combined, as shown in table 27.6, was $405,628m. The most significant assets held were land and fixed assets of $414,180m followed by equity in financial assets of $170,414m. The most significant liabilities were unfunded superannuation liability and other employee entitlements of $155,031m, followed by borrowings of $113,022m.

27.6 ALL AUSTRALIAN GOVERNMENTS, General government: Balance Sheet - 30 June 2002

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

Assets
Financial assets
Cash and deposits
2,231
657
7,843
2,293
13,013
Advances paid
22,050
9
4,785
9
21,939
Investments, loans and placements
19,921
4,372
24,856
5,036
54,167
Other non-equity assets
15,057
2,945
11,613
1,950
29,462
Equity
47,327
75
122,357
655
170,414
Total
106,585
8,058
171,454
9,943
288,995
Non-financial assets
Land and fixed assets
33,782
18,277
209,867
152,254
414,180
Other non-financial assets
1,858
148
2,324
1,014
5,341
Total
35,640
18,426
212,191
153,268
419,520
Total
142,226
26,484
383,645
163,211
708,515
Liabilities
Deposits held
300
29
1,373
144
1,836
Advances received
-
16
3,839
30
-
Borrowing
78,913
552
29,325
5,281
113,022
Unfunded superannuation liability and other employee entitlements
88,415
3,940
61,067
1,608
155,031
Other provisions
2,967
3
6,590
125
9,685
Other non-equity liabilities
13,921
1,043
8,677
1,776
23,311
Total
184,516
5,584
110,872
8,964
302,886
GFS Net Worth
-42,291
20,899
272,773
154,246
405,628
Net debt(c)
35,012
-4,441
-2,947
-1,883
25,740
Net financial worth(d)
-77,931
2,474
60,582
978
-13,893

(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 sums of individual levels of government may not agree with total figures for all levels of government due to assets and liabilities held 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.
Source: Government Finance Statistics, Australia, 2001-02 (5512.0).


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