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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 |
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(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. |
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| 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
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| Commonwealth | Multi-jurisdictional(a) | State | Local | All levels of government(b) |
| $m | $m | $m | $m | $m |
|
CASH FLOW STATEMENT |
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| 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 |
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SURPLUS(+)/DEFICIT(-) |
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| Surplus(+)/Deficit(-) | -1,451 | 234 | 4,583 | 194 | 3,203 |
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(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. |
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| 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
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| | Commonwealth | Multi-jurisdictional(a) | State | Local | All levels of government(b) |
| | $m | $m | $m | $m | $m |
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| 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 |
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(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. |
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| Source: Government Finance Statistics, Australia, 2001-02 (5512.0). |
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