|
|
NOTES
ABOUT THIS PUBLICATION
This publication presents government finance statistics (GFS) on an accrual accounting basis for each jurisdiction for general government, the non-financial public sector and the total public sector as follows:
- Operating statements for 2003-04;
- Cash flow statements for 2003-04; and
- Balance sheets at 30 June 2004.
Users interested in quarterly GFS data for the current financial year should consult Government Finance Statistics, Australia, Quarterly (Cat. no. 5519.0.55.001).
ABOUT THIS ISSUE
This issue contains data for general government, the non-financial public sector and the total public sector. Due to space constraints, tables relating to public non-financial corporations and public financial corporations are not included. Time series data for all sectors can be accessed from AusStats (at www.abs.gov.au).
From 2002-03 NSW state insurance expenses are allocated across all government purpose classification (GPC) categories. NSW Treasury is unable to re-allocate insurance expenses from Other Economic Affairs for the years prior to 2002-03. Within the GPCs for Education, exact expenditures for Special Education in NSW were unknown for the years prior to 2002-03. In years prior to 2002-03 expenditure on Special Education will have been included in Primary and Secondary Education.
The Victorian Treasury has been reviewing its historic GPC allocation. While some revisions have been made to the time series data further revisions are expected to be incorporated in the release of the 2004-05 GFS data in 2006.
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' refers to 'state and territory' and 'state and local' refers to 'state, territory and local'.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Robert Bourke on Canberra (02) 6252 7589.
SUMMARY OF FINDINGS
ACCRUAL OPERATING RESULTS
The GFS net operating balance for all levels of government in 2003-04 was $15,639 million and $18,484 million for the general government sector and total public sector respectively. In the same year, GFS net lending was $10,223 million and $9,222 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 2003-04.
OPERATING RESULTS - 2003-04 |
|  |
| | General
Government | Non-
financial
Public
Sector | Total
Public
Sector | |
| | $m | $m | $m | |
| |
| All levels of government | | | | |
| GFS Revenue | 310,256 | 352,725 | 360,417 | |
| GFS Expenses | 294,617 | 333,494 | 341,933 | |
| GFS Net Operating Balance | 15,639 | 19,231 | 18,484 | |
| Net acquisition of non-financial assets | 5,415 | 9,258 | 9,262 | |
| GFS Net Lending(+)/Borrowing(-) | 10,223 | 9,972 | 9,222 | |
| Commonwealth Government | | | | |
| GFS Revenue | 221,545 | 241,240 | 242,755 | |
| GFS Expenses | 214,430 | 232,131 | 234,940 | |
| GFS Net Operating Balance | 7,115 | 9,109 | 7,815 | |
| Net acquisition of non-financial assets | 726 | 588 | 606 | |
| GFS Net Lending(+)/Borrowing(-) | 6,389 | 8,521 | 7,209 | |
| State and local governments | | | | |
| GFS Revenue | 140,831 | 163,537 | 169,843 | |
| GFS Expenses | 132,232 | 153,478 | 159,228 | |
| GFS Net Operating Balance | 8,600 | 10,059 | 10,615 | |
| Net acquisition of non-financial assets | 4,452 | 8,452 | 8,438 | |
| GFS Net Lending(+)/Borrowing(-) | 4,148 | 1,606 | 2,177 | |
| Multi-jurisdictional(a) | | | | |
| GFS Revenue | 12,480 | 12,909 | 12,909 | |
| GFS Expenses | 11,873 | 12,163 | 12,163 | |
| GFS Net Operating Balance | 607 | 746 | 746 | |
| Net acquisition of non-financial assets | 238 | 219 | 219 | |
| GFS Net Lending(+)/Borrowing(-) | 369 | 527 | 527 | |
| |
| (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 2003-04 the general government sector and total public sector, for all levels of government, recorded surpluses of $14,399 million and $14,871 million respectively.
The following table presents the surplus/deficit results for each jurisdiction for 2003-04 for general government, the non-financial public sector and the total public sector.
CASH OPERATING RESULTS - 2003-04 |
| |
| | General Government | Non-financial Public Sector | Total Public Sector | |
| | $m | $m | $m | |
SURPLUS(+)/DEFICIT(-) | |
| |
| Commonwealth Government | 7,971 | 9,546 | 9,353 | |
| State and local governments | | | | |
| New South Wales | 1,423 | 1,136 | 356 | |
| Victoria | -56 | -708 | 934 | |
| Queensland | 3,544 | 3,623 | 3,130 | |
| South Australia | 514 | 482 | 613 | |
| Western Australia | 497 | 90 | 88 | |
| Tasmania | 379 | 246 | 273 | |
| Northern Territory | 7 | 21 | 35 | |
| Australian Capital Territory | 300 | 248 | 248 | |
| Total | 6,658 | 5,156 | 5,687 | |
| Multi-jurisdictional(a) | 297 | 367 | 367 | |
| Total | 14,399 | 14,527 | 14,871 | |
| |
| (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 2004 for the general government sector for all levels of government was $508,184 million. The consolidated net worth for the total public sector was $459,167 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 2004 across the various levels of government.
BALANCE SHEET RESULTS - AT 30 JUNE 2004 |
| |
| | General
Government | Non-financial Public Sector | Total
Public
Sector | |
| | $m | $m | $m | |
| |
| All levels of government | | | | |
| Total assets | 830,800 | 880,828 | 973,042 | |
| Total liabilities | 322,616 | 389,697 | 482,179 | |
| Shares and other contributed capital | - | 31,965 | 31,697 | |
| GFS Net worth | 508,184 | 459,166 | 459,167 | |
| Commonwealth government | | | | |
| Total assets | 159,484 | 159,795 | 215,120 | |
| Total liabilities | 189,806 | 208,166 | 263,744 | |
| Shares and other contributed capital | - | 31,105 | 30,853 | |
| GFS Net worth | -30,322 | -79,477 | -79,477 | |
| State and local governments | | | | |
| Total assets | 647,684 | 695,935 | 739,355 | |
| Total liabilities | 132,670 | 180,878 | 224,313 | |
| GFS Net worth | 515,014 | 515,013 | 515,014 | |
| Multi-jurisdictional(a) | | | | |
| Total assets | 30,091 | 31,769 | 31,769 | |
| Total liabilities | 6,599 | 7,323 | 7,323 | |
| GFS Net worth | 23,492 | 23,629 | 23,629 | |
| |
| - 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 2004 as a percentage of gross domestic product (GDP) for all levels of government.
GFS NET WORTH AS A PERCENTAGE OF GDP
EXPENSES BY PURPOSE
The following table shows general government expenses by selected purpose categories by level of government for 2003-04.
EXPENSES BY SELECTED PURPOSES - 2003-04 |
| |
| All levels of government | Commonwealth government | State and
local
governments | Multi-
jurisdictional(a) | |
| $m | $m | $m | $m | |
| |
| Social security and welfare | 86,706 | 80,102 | 8,414 | - | |
| Health | 51,558 | 31,770 | 28,813 | - | |
| Education | 43,611 | 13,398 | 31,251 | 11,718 | |
| General public services | 18,100 | 10,584 | 8,459 | 116 | |
| Public debt transactions(b) | 14,857 | 9,099 | 5,918 | 39 | |
| Transport and communications | 16,340 | 2,827 | 14,883 | - | |
| Defence | 12,949 | 12,949 | - | - | |
| Public order and safety | 13,553 | 2,385 | 11,350 | - | |
| Housing and community amenities | 9,445 | 1,633 | 8,722 | - | |
| Other economic affairs | 7,302 | 4,224 | 3,107 | - | |
| Recreation and culture | 7,897 | 2,165 | 5,795 | - | |
| Agriculture, forestry and fishing | 3,991 | 2,021 | 2,395 | - | |
| Fuel and energy | 4,685 | 3,556 | 1,189 | - | |
| Mining, manufacturing and construction | 2,322 | 1,589 | 734 | - | |
| Other | 1,301 | 36,127 | 1,200 | - | |
| Total | 294,617 | 214,430 | 132,232 | 11,873 | |
| |
| - 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 2003-04 as a percentage of GDP.
GENERAL GOVERNMENT EXPENSES BY PURPOSE AS A PERCENTAGE OF GDP
TIME SERIES
The following tables show a time series of major aggregates for the general government and total public sector.
MAJOR AGGREGATES: GENERAL GOVERNMENT, ALL LEVELS OF GOVERNMENT |
| |
| 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | |
| $m | $m | $m | $m | $m | $m | |
| |
| GFS Revenue | 226,621 | 242,795 | 257,002 | 262,619 | 286,484 | 310,256 | |
| GFS Expenses | 216,210 | 226,465 | 249,143 | 262,231 | 275,027 | 294,617 | |
| GFS Net Operating Balance | 10,411 | 16,331 | 7,860 | 387 | 11,456 | 15,639 | |
| Net acquisition of non-financial assets | 3,648 | 2,499 | 3,128 | 4,125 | 3,572 | 5,415 | |
| GFS Net Lending(+)/Borrowing(-) | 6,763 | 13,832 | 4,731 | -3,737 | 7,884 | 10,223 | |
| Cash Surplus (+)/Deficit (-) | 1,841 | 14,964 | 8,307 | 3,523 | 10,859 | 14,399 | |
| Total assets | 652,967 | 671,323 | 683,164 | 711,791 | 768,906 | 830,800 | |
| Total liabilities | 303,856 | 302,698 | 300,971 | 308,768 | 322,822 | 322,616 | |
| GFS Net worth | 349,111 | 368,626 | 382,192 | 403,024 | 446,295 | 508,184 | |
| |
MAJOR AGGREGATES: GENERAL GOVERNMENT, COMMONWEALTH |
| |
| 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | |
| $m | $m | $m | $m | $m | $m | |
| |
| GFS Revenue | 153,263 | 166,643 | 185,431 | 189,799 | 206,299 | 221,545 | |
| GFS Expenses | 148,391 | 156,105 | 180,770 | 193,682 | 200,159 | 214,430 | |
| GFS Net Operating Balance | 4,872 | 10,538 | 4,662 | -3,883 | 6,140 | 7,115 | |
| Net acquisition of non-financial assets | 169 | -1,226 | -1,174 | -371 | -218 | 726 | |
| GFS Net Lending(+)/Borrowing(-) | 4,703 | 11,765 | 5,836 | -3,512 | 6,358 | 6,389 | |
| Cash Surplus (+)/Deficit (-) | 3,934 | 12,944 | 5,906 | -1,112 | 7,404 | 7,971 | |
| Total assets | 155,260 | 149,974 | 145,678 | 142,173 | 146,075 | 159,484 | |
| Total liabilities | 186,607 | 190,751 | 188,342 | 186,542 | 193,237 | 189,806 | |
| GFS Net worth | -31,348 | -40,776 | -42,664 | -44,369 | -47,162 | -30,322 | |
| |
MAJOR AGGREGATES: GENERAL GOVERNMENT, STATE GOVERNMENTS |
| |
| 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | |
| $m | $m | $m | $m | $m | $m | |
| |
| GFS Revenue | 91,844 | 95,227 | 101,268 | 106,829 | 113,852 | 123,969 | |
| GFS Expenses | 88,140 | 90,823 | 99,676 | 104,198 | 109,620 | 117,312 | |
| GFS Net Operating Balance | 3,705 | 4,404 | 1,592 | 2,631 | 4,232 | 6,657 | |
| New South Wales | 1,059 | 2,036 | 1,545 | 1,569 | 1,800 | 1,126 | |
| Victoria | 3,256 | 1,797 | 1,199 | 1,648 | 1,531 | 958 | |
| Queensland | 142 | 1,062 | -856 | -895 | 17 | 3,339 | |
| South Australia | -208 | -329 | -298 | -97 | 448 | 387 | |
| Western Australia | -134 | -31 | 167 | 196 | 257 | 794 | |
| Tasmania | 31 | 123 | 102 | 143 | 170 | 313 | |
| Northern Territory | -339 | -329 | -76 | 63 | -1 | -40 | |
| Australian Capital Territory | -137 | 53 | -55 | 8 | 12 | -203 | |
| Net acquisition of non-financial assets | 2,420 | 2,649 | 3,013 | 3,094 | 2,318 | 2,594 | |
| GFS Net Lending(+)/Borrowing(-) | 1,285 | 1,756 | -1,420 | -463 | 1,914 | 4,063 | |
| New South Wales | -13 | 1,431 | 667 | 569 | 638 | 6 | |
| Victoria | 2,848 | 1,162 | 507 | 729 | 554 | -81 | |
| Queensland | -581 | -123 | -1,669 | -1,602 | -139 | 2,838 | |
| South Australia | -227 | -466 | -385 | -125 | 413 | 425 | |
| Western Australia | -346 | -270 | -420 | -25 | 156 | 559 | |
| Tasmania | 24 | 165 | 130 | 167 | 212 | 379 | |
| Northern Territory | -362 | -303 | -163 | -249 | -72 | -21 | |
| Australian Capital Territory | -94 | 137 | 51 | 79 | 154 | -25 | |
| Cash Surplus (+)/Deficit (-) | -2,558 | 1,861 | 2,724 | 4,247 | 4,273 | 6,981 | |
| New South Wales | -2,835 | 1,926 | 1,825 | 2,550 | 2,327 | 1,444 | |
| Victoria | -190 | 1,808 | 595 | 1,372 | -102 | 309 | |
| Queensland | 666 | -1,571 | 353 | 196 | 645 | 3,491 | |
| South Australia | -212 | -239 | -106 | -44 | 659 | 523 | |
| Western Australia | -19 | -378 | -127 | -29 | 174 | 459 | |
| Tasmania | 79 | 218 | 147 | 214 | 302 | 370 | |
| Northern Territory | -84 | -64 | -6 | -242 | 23 | 36 | |
| Australian Capital Territory | 21 | 188 | 241 | 263 | 257 | 300 | |
| Total assets | 341,087 | 351,974 | 363,207 | 386,093 | 429,652 | 465,065 | |
| Total liabilities | 110,537 | 105,133 | 105,522 | 113,453 | 120,481 | 122,736 | |
| GFS Net worth | 230,549 | 246,841 | 257,685 | 272,639 | 309,172 | 342,329 | |
| New South Wales | 78,947 | 88,068 | 91,810 | 98,431 | 121,039 | 124,283 | |
| Victoria | 35,113 | 39,783 | 43,036 | 48,685 | 52,179 | 61,233 | |
| Queensland | 58,468 | 57,775 | 57,623 | 58,092 | 64,893 | 77,724 | |
| South Australia | 10,622 | 12,500 | 14,789 | 14,564 | 15,306 | 15,793 | |
| Western Australia | 31,486 | 31,691 | 32,198 | 35,995 | 38,016 | 43,747 | |
| Tasmania | 5,462 | 6,274 | 6,473 | 6,883 | 7,200 | 8,003 | |
| Northern Territory | 3,623 | 3,537 | 4,407 | 2,165 | 1,909 | 2,166 | |
| Australian Capital Territory | 6,827 | 7,214 | 7,350 | 7,825 | 8,629 | 9,380 | |
| |
MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, ALL LEVELS OF GOVERNMENT |
| |
| 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | |
| $m | $m | $m | $m | $m | $m | |
| |
| GFS Revenue | 278,981 | 292,465 | 310,375 | 312,146 | 335,855 | 360,417 | |
| GFS Expenses | 267,385 | 277,501 | 299,625 | 310,143 | 323,268 | 341,933 | |
| GFS Net Operating Balance | 11,596 | 14,964 | 10,750 | 2,002 | 12,588 | 18,484 | |
| Net acquisition of non-financial assets | 8,578 | 3,940 | 4,424 | 6,470 | 6,398 | 9,262 | |
| GFS Net Lending(+)/Borrowing(-) | 3,018 | 11,024 | 6,325 | -4,468 | 6,190 | 9,222 | |
| Cash Surplus (+)/Deficit (-) | -1,930 | 13,874 | 9,391 | 3,089 | 10,753 | 14,871 | |
| Total assets | 737,681 | 779,692 | 825,650 | 848,123 | 909,734 | 973,042 | |
| Total liabilities | 447,538 | 459,450 | 464,743 | 464,232 | 476,904 | 482,179 | |
| GFS Net worth | 248,014 | 293,504 | 323,975 | 354,143 | 403,777 | 459,167 | |
| |
MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, COMMONWEALTH GOVERNMENT |
| |
| 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | |
| $m | $m | $m | $m | $m | $m | |
| |
| GFS Revenue | 178,336 | 187,592 | 208,532 | 211,907 | 227,649 | 242,755 | |
| GFS Expenses | 172,585 | 178,843 | 201,558 | 215,779 | 220,613 | 234,940 | |
| GFS Net Operating Balance | 5,751 | 8,750 | 6,975 | -3,872 | 7,036 | 7,815 | |
| Net acquisition of non-financial assets | 2,478 | 839 | -567 | -636 | -741 | 606 | |
| GFS Net Lending(+)/Borrowing(-) | 3,273 | 7,910 | 7,541 | -3,236 | 7,777 | 7,209 | |
| Cash Surplus (+)/Deficit (-) | 3,055 | 8,995 | 7,524 | -1,291 | 7,893 | 9,353 | |
| Total assets | 165,379 | 186,350 | 204,002 | 202,113 | 199,846 | 215,120 | |
| Total liabilities | 255,651 | 275,399 | 267,944 | 265,201 | 261,203 | 263,744 | |
| GFS Net worth | -132,445 | -115,898 | -100,881 | -93,255 | -89,801 | -79,477 | |
| |
MAJOR AGGREGATES: TOTAL PUBLIC SECTOR, STATE GOVERNMENTS |
| |
| 1998-99 | 1999-2000 | 2000-01 | 2001-02 | 2002-03 | 2003-04 | |
| $m | $m | $m | $m | $m | $m | |
| |
| GFS Revenue | 120,015 | 124,780 | 132,501 | 135,149 | 142,414 | 153,439 | |
| GFS Expenses | 115,996 | 119,899 | 130,221 | 130,955 | 138,162 | 144,809 | |
| GFS Net Operating Balance | 4,020 | 4,882 | 2,280 | 4,194 | 4,253 | 8,630 | |
| New South Wales | 1,042 | 2,433 | 1,886 | 2,240 | 1,612 | 1,308 | |
| Victoria | 2,118 | 1,527 | 1,024 | 2,392 | 1,675 | 2,678 | |
| Queensland | 812 | 1,180 | -538 | -759 | 161 | 3,518 | |
| South Australia | -67 | -233 | -149 | -116 | 169 | 496 | |
| Western Australia | 499 | 314 | 432 | 378 | 375 | 1,171 | |
| Tasmania | 57 | -9 | -80 | -9 | 214 | 317 | |
| Northern Territory | -337 | -297 | -80 | 105 | -24 | 8 | |
| Australian Capital Territory | -121 | 30 | -22 | 34 | 138 | -157 | |
| Net acquisition of non-financial assets | 5,045 | 1,648 | 3,534 | 5,695 | 5,660 | 6,581 | |
| GFS Net Lending(+)/Borrowing(-) | -1,025 | 3,234 | -1,253 | -1,501 | -1,407 | 2,049 | |
| New South Wales | -710 | 556 | 873 | -55 | -667 | -948 | |
| Victoria | 983 | 364 | -129 | 751 | -360 | 112 | |
| Queensland | -1,218 | -567 | -2,022 | -1,829 | -861 | 2,816 | |
| South Australia | 48 | 3,273 | 959 | 8 | 88 | 468 | |
| Western Australia | 103 | -217 | -492 | -78 | 104 | 75 | |
| Tasmania | 34 | 44 | -21 | -257 | 176 | 257 | |
| Northern Territory | -265 | -289 | -318 | -193 | -85 | -7 | |
| Australian Capital Territory | -24 | 124 | 83 | 133 | 277 | -41 | |
| Cash Surplus (+)/Deficit (-) | -5,426 | 5,185 | 2,523 | 4,041 | 3,394 | 5,970 | |
| New South Wales | -2,543 | 1,634 | 1,296 | 2,148 | 1,582 | 924 | |
| Victoria | -1,854 | 1,435 | 793 | 1,926 | -76 | 1,298 | |
| Queensland | -1,080 | -1,918 | -316 | 13 | 387 | 3,119 | |
| South Australia | 263 | 3,858 | 1,468 | 152 | 392 | 622 | |
| Western Australia | -3 | -188 | -661 | -141 | -53 | 49 | |
| Tasmania | 38 | 300 | 147 | 43 | 398 | 254 | |
| Northern Territory | -156 | -49 | -207 | -183 | 98 | 59 | |
| Australian Capital Territory | 42 | 180 | 162 | 231 | 283 | 248 | |
| Total assets | 420,739 | 427,706 | 452,482 | 467,409 | 523,603 | 559,475 | |
| Total liabilities | 190,136 | 180,864 | 194,798 | 195,114 | 214,426 | 217,157 | |
| GFS Net worth | 230,550 | 246,841 | 257,686 | 272,644 | 309,173 | 342,330 | |
| New South Wales | 78,947 | 88,068 | 91,810 | 98,431 | 121,040 | 124,281 | |
| Victoria | 35,113 | 39,783 | 43,036 | 48,685 | 52,179 | 61,233 | |
| Queensland | 58,469 | 57,775 | 57,623 | 58,092 | 64,891 | 77,724 | |
| South Australia | 10,623 | 12,500 | 14,788 | 14,564 | 15,306 | 15,793 | |
| Western Australia | 31,486 | 31,691 | 32,197 | 35,996 | 38,016 | 43,747 | |
| Tasmania | 5,462 | 6,274 | 6,473 | 6,887 | 7,200 | 8,003 | |
| Northern Territory | 3,624 | 3,537 | 4,408 | 2,166 | 1,910 | 2,166 | |
| Australian Capital Territory | 6,827 | 7,214 | 7,350 | 7,825 | 8,629 | 9,380 | |
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