ACCRUAL OPERATING RESULTS
The GFS net operating balance for all levels of government in 2008-09 was -$20,987 million for the general government sector and -$21,847 million for the total public sector.
GFS net lending in 2008-09 was -$42,750 million for the general government sector and -$63,886 million for the total public sector.
The following table shows 2008-09 GFS operating statement aggregates by sector across the various levels of government.
Operating Results 2008-09(a) |
|
 |  | General Government | Non-financial Public Sector | Total Public Sector |
 |  | 2008-09 | 2008-09 | 2008-09 |
 |  | $m | $m | $m |
|
All levels of Government |  |  |  |
 | GFS Revenue | 420 148 | 459 224 | 472 666 |
 | GFS Expenses | 441 134 | 479 623 | 494 513 |
 | GFS Net Operating Balance | -20 987 | -20 399 | -21 847 |
 | Net acquisition of non-financial assets | 21 763 | 41 902 | 42 039 |
 | GFS Net Lending(+)/Borrowing(-) | -42 750 | -62 301 | -63 886 |
Commonwealth Government |  |  |  |
 | GFS Revenue | 298 282 | 303 655 | 310 027 |
 | GFS Expenses | 322 817 | 328 479 | 333 699 |
 | GFS Net Operating Balance | -24 534 | -24 824 | -23 672 |
 | Net acquisition of non-financial assets | 4 789 | 5 705 | 5 760 |
 | GFS Net Lending(+)/Borrowing(-) | -29 323 | -30 529 | -29 432 |
State and Local Government |  |  |  |
 | GFS Revenue | 198 996 | 232 315 | 239 441 |
 | GFS Expenses | 194 445 | 226 991 | 236 717 |
 | GFS Net Operating Balance | 4 551 | 5 324 | 2 724 |
 | Net acquisition of non-financial assets | 15 620 | 34 838 | 34 920 |
 | GFS Net Lending(+)/Borrowing(-) | -11 069 | -29 514 | -32 196 |
Multi-jurisdictional(b) |  |  |  |
 | GFS Revenue | 18 030 | 18 746 | 18 746 |
 | GFS Expenses | 17 850 | 18 459 | 18 459 |
 | GFS Net Operating Balance | 180 | 287 | 287 |
 | Net acquisition of non-financial assets | 1 354 | 1 359 | 1 359 |
 | GFS Net Lending(+)/Borrowing(-) | -1 174 | -1 072 | -1 072 |
|
(a) The Total Public Sector comprises General Government, Public Non-Financial Corporations and Public Financial Corporations. The sum of individual levels of government or sectors may not agree with the Total Public Sector figures due to transfers between levels of government. |
(b) 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 types of units currently falling into this category are the public universities. |