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

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

Operating Statement

As table 27.1 shows, in 2001-02 the GFS Net Operating Balance for the total public sector for levels of all government combined was $1,283m. GFS Net Borrowing was $4,853m.

27.1 ALL AUSTRALIAN GOVERNMENTS, Total public sector: Operating Statement - 2001-02

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

GFS Revenue
211,920
10,624
135,394
17,617
311,879
less
GFS Expenses
215,570
10,214
131,044
16,609
310,596
equals
Net Operating Balance
-3,650
410
4,350
1,009
1,283
less
Net acquisition of non-financial assets
-638
292
5,442
985
6,136
equals
GFS Net Lending(+)/Borrowing(-)
-3,012
118
-1,092
23
-4,853

(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 shown in table 27.2, in 2001-02 the total public sector surplus for all levels of government combined was $3,203m. The main contributors to this result were net cash inflows from operating activities of $28,267m being partly offset by net cash outflows from investments in non-financial assets of $23,695m.

27.2 ALL AUSTRALIAN GOVERNMENTS, Total public sector: 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
209,895
10,829
139,385
17,417
309,319
Cash payments for operating activities
-205,726
-9,519
-120,306
-13,375
-281,053
Net cash flows from operating activities
4,170
1,310
19,079
4,042
28,267
Net cash flows from investments in non-financial assets
-4,286
-1,076
-14,523
-3,788
-23,695
Net cash flows from investments in financial assets for policy purposes
3,591
-89
1,207
-
4,624
Net cash flows from investments in financial assets for liquidity purposes
3,192
-96
-3,874
-33
-1,891
Net cash flows from financing activities
-4,852
130
-6,010
184
-9,036
Net Increase(+)/Decrease(-) in Cash Held
1,815
179
-4,122
405
-1,732

SURPLUS(+)/DEFICIT(-)

Surplus(+)/Deficit(-)
-1,451
234
4,583
194
3,203

(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.
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. As shown in table 27.3, the consolidated net worth as at 30 June 2002 for the total public sector for all levels of government combined was $354,973m.

27.3 ALL AUSTRALIAN GOVERNMENTS, Total public sector: Balance Sheet - 30 June 2002

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

Assets
Financial assets
135,577
8,058
102,063
9,377
243,516
Non-financial assets
66,734
18,426
373,119
154,132
612,406
Total
202,311
26,484
475,183
163,509
855,922
Liabilities
265,132
5,584
202,399
9,266
470,922
Shares and other contributed capital
30,130
-
-
-2
30,028
GFS Net Worth
-92,951
20,899
272,778
154,246
354,973
Net debt(c)
34,484
-4,441
12,244
-1,677
40,610
Net financial worth(d)
-159,685
2,474
-100,342
114
-257,433

(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, Reserve Bank notes on issue and borrowing less cash and deposits, advances paid, and investments, loans and placements.
(d) Equals total financial assets less total liabilities less shares and other contributed capital.
Source: Government Finance Statistics, Australia, 2001-02 (5512.0).


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