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ACCRUAL OPERATING RESULTS, 2012–13


The GFS net operating balance for All Levels of Government in 2012–13 was –$20,654m for the General Government sector and –$23,724m for the Total Public sector.

GFS net lending/borrowing in 2012–13 was –$38,439m for the General Government sector and –$55,188m for the Total Public sector.

The following table shows 2012–13 GFS operating statement aggregates by sector across the various levels of government.

Operating Results, 2012–13(a)
		General Government	Non-financial Public Sector	Total Public Sector
		2012–13	2012–13	2012–13
		$m	$m	$m
All levels of Government
	GFS Revenue	517 132	565 905	580 498
	GFS Expenses	537 787	589 254	604 222
	GFS Net Operating Balance	–20 654	–23 349	–23 724
	Net acquisition of non-financial assets	17 785	31 218	31 464
	GFS Net Lending(+)/Borrowing(-)	–38 439	–54 567	–55 188
Commonwealth Government
	GFS Revenue	361 835	369 113	375 829
	GFS Expenses	382 966	390 703	397 228
	GFS Net Operating Balance	–21 131	–21 590	–21 399
	Net acquisition of non-financial assets	–674	2 925	2 863
	GFS Net Lending(+)/Borrowing(-)	–20 457	–24 515	–24 262
State and Local Government
	GFS Revenue	238 483	281 948	289 865
	GFS Expenses	237 486	282 881	291 364
	GFS Net Operating Balance	998	–933	–1 500
	Net acquisition of non-financial assets	16 293	26 133	26 441
	GFS Net Lending(+)/Borrowing(-)	–15 295	–27 065	–27 940
Multi-jurisdictional(b)
	GFS Revenue	24 090	25 277	25 277
	GFS Expenses	23 085	24 440	24 440
	GFS Net Operating Balance	1 005	837	837
	Net acquisition of non-financial assets	2 166	2 179	2 179
	GFS Net Lending(+)/Borrowing(-)	–1 161	–1 342	–1 342
(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.