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ABOUT THIS PUBLICATION

This publication presents government finance statistics (GFS) on an accrual accounting basis for each jurisdiction for general government, non-financial public sector and total public sector as follows:

• Operating statements for 2002-03;
• Cash flow statements for 2002-03; and
• Balance sheets at 30 June 2003.

ABOUT THIS ISSUE

This issue contains data for general government, non-financial public sector and total public sector. Due to space constraints, tables relating to public non-financial corporations and public financial corporations are not included. The data for the public non-financial corporation and public financial corporation sectors can be accessed from AusStats (at www.abs.gov.au).

While every attempt is made to use audited data in the compilation of this publication, audited 2002-03 Western Australia state government data were unavailable in time for the compilation of this publication. With the agreement of Western Australia Treasury, unaudited data was used for this publication.

TERMINOLOGY

Within government finance statistics (GFS), the consolidated total of transactions of the general government, public non-financial corporations and public financial corporations sectors is referred to as the total public sector.

Wherever the term 'state' is used, this term includes the two territories. Therefore 'state and local' refers to 'state, territory and local' and 'state' refers to 'state and territory'.

SUMMARY OF FINDINGS


ACCRUAL OPERATING RESULTS

The GFS net operating balance for all levels of government in 2002-03 was $11,467 million and $12,736 million for the general government sector and total public sector respectively. In the same year, GFS net lending was $8,425 million and $7,100 million for the two sectors respectively.

The following table shows these two measures and other GFS operating statement major aggregates across the various levels of government by sector in 2002-03.

OPERATING RESULTS-2002-03
		General Government	Non- financial Public Sector	Total Public Sector
		$m	$m	$m
All levels of government
	GFS Revenue	286,586	328,540	336,296
	GFS Expenses	275,120	314,835	323,560
	GFS Net Operating Balance	11,467	13,705	12,736
	Net acquisition of non-financial assets	3,042	5,589	5,636
	GFS Net Lending(+)/Borrowing(-)	8,425	8,116	7,100
Commonwealth Government
	GFS Revenue	206,189	225,877	227,713
	GFS Expenses	199,978	218,214	220,606
	GFS Net Operating Balance	6,212	7,663	7,107
	Net acquisition of non-financial assets	-219	-755	-743
	GFS Net Lending(+)/Borrowing(-)	6,430	8,418	7,850
State and local governments
	GFS Revenue	129,911	151,952	157,910
	GFS Expenses	124,149	145,553	151,915
	GFS Net Operating Balance	5,762	6,399	5,995
	Net acquisition of non-financial assets	3,117	6,224	6,259
	GFS Net Lending(+)/Borrowing(-)	2,646	175	-264
Multi-jurisdictional(a)
	GFS Revenue	11,651	12,036	12,036
	GFS Expenses	11,376	11,630	11,630
	GFS Net Operating Balance	275	406	406
	Net acquisition of non-financial assets	144	120	120
	GFS Net Lending(+)/Borrowing(-)	131	286	286
(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 currently falling into this category are the public universities.

CASH OPERATING RESULTS

In 2002-03 the general government sector and total public sector, for all levels of government, recorded surpluses of $11,134 million and $11,464 million respectively.

The following table presents the surplus/deficit results for each jurisdiction for 2002-03 for general government, the non-financial public sector and the total public sector.

CASH OPERATING RESULTS-2002-03
		General Government	Non-financial Public Sector	Total Public Sector
		$m	$m	$m
SURPLUS(+)/DEFICIT(-)
Commonwealth government		7,404	8,504	7,932
State and local governments
	New South Wales	2,309	1,978	2,149
	Victoria	-177	-689	141
	Queensland	1,070	311	760
	South Australia	612	587	351
	Western Australia	325	-27	107
	Tasmania	303	297	409
	Northern Territory	-50	-10	22
	Australian Capital Territory	254	289	289
	Total	4,635	2,732	4,228
Multi-jurisdictional(a)		205	403	403
Total		11,134	10,534	11,464
(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 currently falling into this category are public universities.

BALANCE SHEET RESULTS

GFS net worth reflects the contribution of governments to the wealth of Australia. The consolidated net worth as at 30 June 2003 for the general government sector for all levels of government was $444,790 million. The consolidated net worth for the total public sector was $402,279 million.

The following table presents selected balance sheet aggregates for the general government, the non-financial public sector and the total public sectors as at 30 June 2003 across the various levels of government.

BALANCE SHEET RESULTS-AT 30 JUNE 2003
		General Government	Non-financial Public Sector	Total Public Sector
		$m	$m	$m
All levels of Australian government
	Total assets	764,530	821,305	917,872
	Total liabilities	319,741	389,526	486,334
	Shares and other contributed capital	-	29,501	29,259
	GFS Net worth	444,790	402,279	402,279
Commonwealth government
	Total assets	146,104	151,755	199,855
	Total liabilities	192,410	212,016	260,356
	Shares and other contributed capital	-	28,685	28,445
	GFS Net worth	-46,307	-88,945	-88,945
State and local governments
	Total assets	596,814	646,492	699,780
	Total liabilities	128,280	177,950	231,239
	GFS Net worth	468,534	468,543	468,543
Multi-jurisdictional(a)
	Total assets	28,817	30,484	30,484
	Total liabilities	6,255	6,987	6,987
	GFS Net worth	22,563	22,681	22,681
- nil or rounded to zero (including null cells)
(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 currently falling into this category are public universities.

The following graph shows the total public sector GFS net worth as at 30 June 2003 as a percentage of gross domestic product (GDP) for the Commonwealth and individual state and local jurisdictions.

GFS NET WORTH AS A PERCENTAGE OF GDP

EXPENSES BY SELECTED PURPOSES-2002-03
	All levels of government	Commonwealth government	State and local governments	Multi- jurisdictional(a)
	$m	$m	$m	$m
Social security and welfare	77,376	71,262	7,882	-
Health	47,597	29,400	26,963	-
Education	41,004	12,109	29,095	11,194
General public services	16,406	10,736	6,571	142
Public debt transactions(b)	15,821	10,300	5,696	39
Transport and communications	15,438	2,174	14,552	-
Defence	13,307	13,307	-	-
Public order and safety	13,095	1,966	11,215	-
Housing and community amenities	9,228	1,769	8,553	-
Other economic affairs	7,085	3,801	3,300	-
Recreation and culture	7,281	2,059	5,258	-
Agriculture, forestry and fishing	4,138	1,771	2,540	-
Fuel and energy	4,298	3,395	935	-
Mining, manufacturing and construction	2,156	1,502	655	-
Other	888	34,429	934	-
Total	275,120	199,978	124,149	11,376
- nil or rounded to zero (including null cells)
(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 currently falling into this category are the public universities.
(b) Includes nominal interest on superannuation.

The following graph shows the main general government expenses by purpose for all Australian governments for 2002-03 as a percentage of GDP.

GENERAL GOVERNMENT EXPENSES BY PURPOSE AS A PERCENTAGE OF GDP