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5501.0.55.001 - Government Financial Estimates, Australia, 2013-14 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/08/2013   
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INFORMATION ABOUT THIS RELEASE

This release presents consolidated 2013–14 budget forecasts for the general government sector for Commonwealth and all jurisdictions. Victorian and Western Australian budgets have been added and this release now includes forecasts for State General Government, Total All States, Total Local General Government, Multi-jurisdictional General Government and Total Australia. The forecasts presented for the other states are the same as when released on 27 August 2012, Commonwealth surplus/deficit has been revised. Government Financial Estimates (GFE) for the Commonwealth and state governments are compiled from initial budget forecasts. Two main statements are presented; the Operating Statement and the Cash Flow Statement.

Data for this release are sourced from the following Commonwealth and state government budget forecasts.

JurisdictionDate of budget forecast release
Commonwealth14 May 2013
New South Wales18 June 2013
Victoria7 May 2013
Queensland4 June 2013
South Australia6 June 2013
Western Australia8 August 2013
Tasmania23 May 2013
Northern Territory14 May 2013
Australian Capital Territory4 June 2013


MAIN FEATURES

2013–14 OPERATING STATEMENT

The table below presents the 2013–14 GFS net operating balance and net lending(+)/borrowing(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT 2013–14
General Government
Commonwealth
Multi–
jurisdictional (a)(b)
State
Local (b)
All levels of
government (c)
$m
$m
$m
$m
$m

GFS Revenue
389 115
25 431
216 975
42 681
553 551
GFS Expenses
398 568
24 722
223 740
37 307
567 471
GFS Net Operating Balance
–9 453
709
-6 765
5 374
-13 921
Net acquisition of non–financial assets
2 945
2 484
12 621
6 651
24 710
GFS Net Lending(+)/Borrowing(–)
–12 398
-1 775
-19 386
-1 277
-38 631

(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 in this category are the public universities.
(b) Data for local government and multi–jurisdictional sector are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.

2013–14 CASH FLOW STATEMENT

The table below presents the 2013–14 GFS surplus(+)/deficit(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT 2013–14
General Government

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

Surplus(+)/Deficit(–)
–15 042
-850
-17 465
-895
-36 016

(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 in this category are the public universities.
(b) Data for local government and multi–jurisdictional are estimated.
(c) The sum of individual levels of government may not agree with the All levels of government figures due to transfers between levels of government.


KEY STATE GOVERNMENT BALANCES

The table below presents 2013–14 GFS estimates for the key analytical balances in the operating and cash flow statement for the general government sector of each state and territory jurisdiction.

STATE GOVERNMENTS, KEY ANALYTICAL BALANCES 2013–14
General Government

Operating Statement
Cash Flow Statement


GFS Net
Operating
Balance
GFS Net
Lending (+)/
Borrowing(–)
Surplus(+)/
Deficit(–)
$m
$m
$m

New South Wales
–1 887
–4 524
–3 174
Victoria
88
–1 981
–1 756
Queensland
–3 760
–7 701
–7 629
South Australia
–912
–1 455
–1 367
Western Australia
386
–1 641
–1 955
Tasmania
–266
–309
–136
Northern Territory
–226
–1 093
–1 057
Australian Capital Territory
–340
–831
–541



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Jon Shaw on Brisbane (07) 3222 6054.


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