GOVERNMENT FINANCIAL ESTIMATES


18/11/2014 NOTES:

• The following tables have been revised - All Levels of Government, Operating Statement 2014–15, All Levels of Government, Cash Flow Statement 2014–15, State Governments, Key Analytical Balances 2014–15.
• The spreadsheets (datacube) providing more detailed data for the All levels of Government Operating and Cash Flow Statements, and State Government Operating and Cash Flow Statements have now been included.
• The ABS has reviewed the Government Financial Estimates (GFE) publication in consultation with data users. GFE will cease to be published, this 2014–15 issue is the final issue.

Government Financial Estimates (GFE) for the commonwealth and state governments are compiled from initial budget forecasts. This release presents consolidated 2014–15 budget forecasts for the general government sector for Commonwealth, Multi-jurisdictional, State, Local and All levels of Government. Two main statements are presented; the Operating Statement and the Cash Flow Statement.

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

Jurisdiction	Date of budget forecast release	Link to budget papers
Commonwealth	13 May 2014	http://www.budget.gov.au/2014-15/index.htm
New South Wales	17 June 2014	http://www.budget.nsw.gov.au/2014-15/budget_papers
Victoria	6 May 2014	http://www.dtf.vic.gov.au/State-Budget/2014-15-State-Budget/Statement-of-Finances
Queensland	3 June 2014	http://www.budget.qld.gov.au/current-budget/budget-papers/
South Australia	19 June 2014	http://www.statebudget.sa.gov.au/papers.html
Western Australia	8 May 2014	http://www.treasury.wa.gov.au/cms/budget.aspx?id=2018
Tasmania	28 August 2014	http://www.treasury.tas.gov.au/domino/dtf/dtf.nsf/all-v/9B3B6EDD752D96C4CA257D40000261B2
Northern Territory	13 May 2014	http://www.treasury.nt.gov.au/ntbudget/Pages/default.aspx
Australian Capital Territory	3 June 2014	http://apps.treasury.act.gov.au/budget/budget-2014-2015/budget-paper-3

MAIN FEATURES

2014–15 OPERATING STATEMENT

The table below presents the 2014–15 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 2014–15 General Government
	Commonwealth	Multi– jurisdictional (a)(b)	State	Local (b)	All levels of government (c)
	$m	$m	$m	$m	$m
GFS Revenue	390 935	26 021	231 942	43 270	563 131
GFS Expenses	414 731	24 895	231 612	39 151	587 299
GFS Net Operating Balance	–23 796	1 127	331	4 119	–24 168
Net acquisition of non–financial assets	2 359	1 915	11 385	6 810	22 463
GFS Net Lending(+)/Borrowing(–)	–26 155	–789	–11 054	–2 691	–46 631

(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.

2014–15 CASH FLOW STATEMENT

The table below presents the 2014–15 GFS surplus(+)/deficit(–) estimates for the general government sector for each level of government.

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT 2014–15 General Government
	Commonwealth	Multi– jurisdictional (a)(b)	State	Local (b)	All levels of government (c)
	$m	$m	$m	$m	$m
Surplus(+)/Deficit(–)	–26 819	–1 381	–9 790	–1 137	–47 608

(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 2014–15 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 2014–15 General Government
	Operating Statement		Cash Flow Statement
	GFS Net Operating Balance	GFS Net Lending (+)/ Borrowing(–)	Surplus(+)/ Deficit(–)
	$m	$m	$m
New South Wales	–278	–3 707	–3 012
Victoria	1 344	–1 154	–1 145
Queensland	186	–2 321	–2 356
South Australia	–479	–380	–300
Western Australia	177	–1 638	–1 838
Tasmania	–386	–459	–79
Northern Territory	79	–667	–642
Australian Capital Territory	–446	–862	–555

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Public Finance on Brisbane (07) 3222 6414. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.