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10/04/2007 (Description of error updated 30/05/2007) Note: The NSW General Government Operating Statement was missing statistics on net acquisitions of non-financial assets and GFS net lending/borrowing on release. There are no other changes to the Operating Statement apart from the inclusion of the missing data.



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 2005-06;
• Cash flow statements for 2005-06; and
• Balance sheets at 30 June 2006.

Users interested in quarterly GFS data for the current financial year should refer to Government Finance Statistics, Australia, Quarterly (Cat. no. 5519.0.55.001).

Information presented by the ABS in this release may differ from that published by the various jurisdictions for a variety of reasons. For further information please see paragraphs 47 to 49 in the Explanatory Notes.

ABOUT THIS ISSUE

The new Australian equivalents to International Financial Reporting Standards (AIFRS) began to be progressively implemented in Australia from 1 January 2005. All Australian governments adopted AIFRS for financial reporting for the financial year 2005-06. As GFS data is sourced primarily from the same underlying accounting and budgetary systems that each jurisdiction uses for financial reporting, some impacts have observed mainly in the accrual-based GFS statements. Details of the changes and the impacts on GFS are further discussed in Technical Note - Impact of AIFRS on GFS on page 49.

TERMINOLOGY

Within GFS the consolidated total of the general government and the public non-financial corporations sectors is referred to as the 'non-financial public sector'. The consolidated total of the general government, the public non-financial corporations and the public financial corporations sectors is referred to as the 'total public sector'

In this publication, the term 'state' 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 Mark Patton on Canberra (02) 6252 7589.

SUMMARY OF FINDINGS

ACCRUAL OPERATING RESULTS

The GFS net operating balance for all levels of government in 2005-06 was $29,141 million for the general government sector and $30,090 million for the total public sector.

GFS net lending in 2005-06 was $19, 872 million for the general government sector and $12,629 million for the total public sector.

The following table shows 2005-06 GFS operating statement aggregates by sector across the various levels of government.

Operating Results - 2005-06
		General Government	Non-Financial Public Sector	Total public Sector
		$m	$m	$m
All Levels of Government
	GFS Revenue	363 701	410 662	421 703
	GFS Expenses	334 560	382 152	391 613
	GFS Net Operating Balance	29 141	28 510	30 090
	Net acquisition of non-financial assets	9 268	17 490	17 461
	GFS Net Lending(+)/Borrowing(-)	19 872	11 021	12 629
Commonwealth Government
	GFS Revenue	260 592	281 960	285 749
	GFS Expenses	242 600	265 413	269 005
	GFS Net Operating Balance	17 992	16 546	16 744
	Net acquisition of non-financial assets	1 434	2 051	2 089
	GFS Net Lending(+)/Borrowing(-)	16 558	14 496	14 655
State and Local Government
	GFS Revenue	162 255	187 788	195 074
	GFS Expenses	151 443	176 205	182 109
	GFS Net Operating Balance	10 812	11 583	12 965
	Net acquisition of non-financial assets	7 254	14 820	14 753
	GFS Net Lending(+)/Borrowing(-)	3 559	-3 237	-1 788
Multi-jurisdictional(a)
	GFS Revenue	15 366	15 858	15 858
	GFS Expenses	14 017	14 463	14 463
	GFS Net Operating Balance	1 349	1 395	1 395
	Net acquisition of non-financial assets	581	619	619
	GFS Net Lending(+)/Borrowing(-)	768	775	775
(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 types of units currently falling into this category are the public universities.

CASH OPERATING RESULTS

In 2005-06 the general government sector and total public sector, for all levels of government, recorded surpluses of $24,577 million and $19,661 million respectively.

The following table presents the 2005-06 surplus/deficit results by sector for each jurisdiction.

Cash Operating Results - 2005-06
		General Government	Non-Financial Public Sector	Total Public Sector
		$m	$m	$m
SURPLUS(+)/DEFICIT(-)
Commonwealth Government		15 720	14 712	14 655
State and Local Governments
	New South Wales	1 788	776	1 578
	Victoria	-221	-1 094	-475
	Queensland	4 563	2 199	2 060
	South Australia	132	315	481
	Western Australia	2 418	986	1 187
	Tasmania	211	67	158
	Northern Territory	-37	-41	6
	Australian Capital Territory	76	85	85
	Total	8 931	3 303	5 088
Multi-jurisdictional		1 013	1 003	1 003
Total		24 577	17 933	19 661

The following table presents 30 June 2006 balance sheet aggregates by sector for the various levels of government.

Balance Sheet Results - AT 30 JUNE 2006
		General Government	Non-Financial Public Sector	Total Public Sector
		$m	$m	$m
All Levels of Government
	Total assets	992 465	1 070 836	1 194 619
	Total liabilities	364 053	453 068	577 016
	Shares and other contributed capital	-	22 189	22 022
	GFS Net worth	628 413	595 580	595 580
Commonwealth Government
	Total assets	196 662	208 159	293 734
	Total liabilities	206 849	229 591	315 217
	Shares and other contributed capital	-	22 068	22 018
	GFS Net worth	-10 187	-43 501	-43 501
State and Local Governments
	Total assets	764 414	829 756	873 354
	Total liabilities	154 849	220 189	263 789
	GFS Net worth	609 565	609 565	609 565
Multi-jurisdictional(a)
	Total assets	37 609	39 886	39 886
	Total liabilities	8 574	9 554	9 554
	GFS Net worth	29 035	29 516	29 516
- 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 types of units currently falling into this category are public universities.

TIME SERIES

GFS revenue for the general government sector across all levels of government increased from $256,822 million in 2000-01 to $363,701 million in 2005-06. Over the same period GFS expenses have increased from $249,324 million to $334,560 million resulting in an increase in the GFS net operating balance from $7,498 million to $29,141 million.

Between 30 June 2001 and 30 June 2006 GFS net worth for all levels of government increased by $245,399 million (64.1%) from $383,014 million to $628,413 million.

The following tables show a time series of major aggregates for the general government across different levels of government.

Major aggregates: General Government, All levels of government
	2000-01	2001-02	2002-03	2003-04	2004-05	2005-06
	$m	$m	$m	$m	$m	$m
GFS Revenue	256 822	262 922	286 303	310 482	336 263	363 701
GFS Expenses	249 324	262 883	274 865	295 052	316 046	334 560
GFS Net Operating Balance	7 498	39	11 437	15 430	20 217	29 141
Net acquisition of non-financial assets	2 994	4 094	3 564	5 531	5 941	9 268
GFS Net Lending(+)/Borrowing(-)	4 504	-4 055	7 874	9 899	14 276	19 872
Cash Surplus (+)/Deficit (-)	8 286	3 402	11 305	14 618	20 803	24 577
Total assets	683 444	714 197	769 732	831 537	911 146	992 465
Total liabilities	300 430	308 333	323 580	321 520	336 384	364 053
GFS Net worth	383 014	405 864	446 152	510 017	574 762	628 413

Major aggregates: General Government, Commonwealth
	2000-01	2001-02	2002-03	2003-04	2004-05	2005-06
	$m	$m	$m	$m	$m	$m
GFS Revenue	185 716	190 156	206 620	221 910	241 885	260 592
GFS Expenses	181 054	194 042	200 448	214 357	229 957	242 600
GFS Net Operating Balance	4 662	-3 886	6 173	7 553	11 928	17 992
Net acquisition of non-financial assets	-1 174	-371	-218	726	154	1 434
GFS Net Lending(+)/Borrowing(-)	5 836	-3 515	6 391	6 827	11 773	16 558
Cash Surplus (+)/Deficit (-)	5 906	-1 112	7 404	7 971	13 505	15 720
Total assets	145 678	142 173	146 075	159 484	174 544	196 662
Total liabilities	188 342	186 542	193 237	189 386	199 358	206 849
GFS Net worth	-42 664	-44 369	-47 162	-29 901	-24 814	-10 187

Major Aggregates: General Government, State Governments
		2000-01	2001-02	2002-03	2003-04	2004-05	2005-06
		$m	$m	$m	$m	$m	$m
GFS Revenue		101 391	106 800	113 826	124 033	131 923	142 574
GFS Expenses		99 637	104 233	109 606	117 315	125 164	134 344
GFS Net Operating Balance		1 753	2 567	4 220	6 717	6 760	8 230
	New South Wales	1 545	1 569	1 801	1 126	695	1 033
	Victoria	1 252	1 673	1 584	1 035	877	980
	Queensland	-861	-901	12	3 335	3 919	3 716
	South Australia	-298	-97	448	387	156	219
	Western Australia	200	198	253	807	1 191	2 265
	Tasmania	102	143	170	315	242	119
	Northern Territory	-104	24	-45	-85	-30	29
	Australian Capital Territory	-77	-40	-1	-202	-297	-134
Net acquisition of non-financial assets		3 034	3 086	2 357	2 712	2 830	4 858
GFS Net Lending(+)/Borrowing(-)		-1 280	-520	1 862	4 005	3 930	3 372
	New South Wales	667	569	639	6	-202	-484
	Victoria	559	754	590	-117	319	-414
	Queensland	-1 673	-1 608	-144	2 835	2 866	2 480
	South Australia	-385	-125	413	425	51	87
	Western Australia	-387	-25	130	570	898	1 846
	Tasmania	130	167	212	379	212	83
	Northern Territory	-213	-279	-116	-67	-57	-62
	Australian Capital Territory	28	31	142	-27	-163	-167
Cash Surplus (+)/Deficit (-)		2 846	4 279	4 513	6 939	7 816	9 783
	New South Wales	1 825	2 551	2 327	1 444	1 253	2 113
	Victoria	592	1 404	27	210	550	206
	Queensland	353	196	646	3 492	4 629	4 649
	South Australia	-106	-44	659	522	191	188
	Western Australia	-127	-31	259	554	859	2 301
	Tasmania	147	213	300	370	244	209
	Northern Territory	-80	-273	34	47	53	37
	Australian Capital Territory	241	263	257	299	35	76
Total assets		363 315	386 219	429 396	465 013	514 058	552 607
Total liabilities		105 338	113 446	121 784	122 737	126 721	144 444
GFS Net worth		257 977	272 773	307 611	342 276	387 337	408 163
	New South Wales	91 810	98 431	121 039	124 283	128 690	127 818
	Victoria	43 343	48 812	50 619	61 187	75 018	76 389
	Queensland	57 619	58 087	64 896	77 722	96 433	105 033
	South Australia	14 789	14 564	15 306	15 793	16 357	19 703
	Western Australia	32 198	36 016	38 012	43 741	50 212	57 941
	Tasmania	6 473	6 883	7 200	8 004	9 008	9 107
	Northern Territory	4 407	2 165	1 910	2 166	2 353	2 727
	Australian Capital Territory	7 338	7 815	8 629	9 380	9 265	9 445

Between 30 June 2001 and 30 June 2006 GFS net worth across the total public sector increased by $270,773 million or 83.4% from $324,807 million to $595,580 million.

The following tables show a time series of major aggregates for the total public sector across different levels of government.

Major aggregates: Total Public Sector, All levels of Government
	2000-01	2001-02	2002-03	2003-04	2004-05	2005-06
	$m	$m	$m	$m	$m	$m
GFS Revenue	311 716	313 514	336 818	361 583	392 143	421 703
GFS Expenses	299 611	310 864	323 382	342 256	366 701	391 613
GFS Net Operating Balance	12 105	2 650	13 435	19 327	25 441	30 090
Net acquisition of non-financial assets	4 331	6 738	6 166	8 390	11 543	17 461
GFS Net Lending(+)/Borrowing(-)	7 774	-4 088	7 269	10 937	13 898	12 629
Cash Surplus (+)/Deficit (-)	10 745	3 795	12 270	16 212	21 064	19 661
Total assets	824 226	851 304	908 456	971 492	1 076 927	1 194 619
Total liabilities	462 740	464 457	475 548	478 680	519 887	577 016
GFS Net worth	324 807	356 995	403 631	460 943	525 959	595 580

Major aggregates: Total Public Sector, Commonwealth Government
	2000-01	2001-02	2002-03	2003-04	2004-05	2005-06
	$m	$m	$m	$m	$m	$m
GFS Revenue	208 880	212 292	228 038	243 115	266 649	285 749
GFS Expenses	201 906	216 167	220 967	234 865	252 291	269 005
GFS Net Operating Balance	6 975	-3 875	7 071	8 250	14 358	16 744
Net acquisition of non-financial assets	-566	-636	-741	606	466	2 089
GFS Net Lending(+)/Borrowing(-)	7 541	-3 239	7 812	7 645	13 892	14 655
Cash Surplus (+)/Deficit (-)	7 524	-1 291	7 893	9 091	15 171	14 655
Total assets	203 364	202 128	200 031	215 322	245 242	293 734
Total liabilities	267 305	265 217	261 147	263 271	288 702	315 217
GFS Net worth	-100 871	-93 238	-89 801	-79 125	-73 804	-43 501

Major Aggregates: Total Public Sector, State Governments
		2000-01	2001-02	2002-03	2003-04	2004-05	2005-06
		$m	$m	$m	$m	$m	$m
GFS Revenue		133 757	136 077	143 348	154 474	163 612	175 925
GFS Expenses		129 897	130 946	138 195	144 616	154 133	165 513
GFS Net Operating Balance		3 860	5 131	5 153	9 858	9 479	10 411
	New South Wales	1 886	2 243	1 606	1 312	1 000	1 688
	Victoria	1 087	2 414	1 730	2 714	1 636	1 144
	Queensland	-543	-765	152	3 499	4 279	4 138
	South Australia	-149	-116	169	496	253	170
	Western Australia	466	406	406	1 183	1 725	2 666
	Tasmania	131	213	214	322	278	129
	Northern Territory	-72	-14	-54	-45	22	75
	Australian Capital Territory	-88	-57	86	-232	-386	-335
Net acquisition of non-financial assets		3 410	5 980	5 466	5 702	7 950	12 332
GFS Net Lending(+)/Borrowing(-)		450	-849	-313	4 156	1 529	-1 921
	New South Wales	873	-52	-672	-945	-1 500	-1 998
	Victoria	-67	819	-114	96	59	-1 336
	Queensland	-2 027	-1 835	-870	3 387	1 732	162
	South Australia	959	8	88	468	93	111
	Western Australia	-458	-305	110	433	681	692
	Tasmania	190	-35	176	250	186	-78
	Northern Territory	-232	-308	-115	-60	-98	-69
	Australian Capital Territory	17	43	226	-119	-313	-201
Cash Surplus (+)/Deficit (-)		3 768	4 849	4 818	7 340	6 565	5 930
	New South Wales	1 284	2 165	1 542	884	103	1 267
	Victoria	824	1 976	324	632	750	-46
	Queensland	-316	13	387	3 710	4 422	2 140
	South Australia	1 468	152	392	613	406	537
	Western Australia	-649	-131	23	149	37	1 069
	Tasmania	147	42	396	315	229	153
	Northern Territory	-198	-282	101	50	2	80
	Australian Capital Territory	181	238	290	250	-88	85
Total assets		451 300	468 070	520 799	556 652	615 933	664 164
Total liabilities		193 324	195 296	213 188	214 372	228 594	256 000
GFS Net worth		257 976	272 773	307 610	342 278	387 337	408 163
	New South Wales	91 811	98 429	121 038	124 281	128 690	127 818
	Victoria	43 343	48 812	50 619	61 187	75 018	76 390
	Queensland	57 619	58 087	64 896	77 722	96 433	105 032
	South Australia	14 788	14 564	15 306	15 793	16 357	19 703
	Western Australia	32 197	36 017	38 011	43 741	50 213	57 941
	Tasmania	6 473	6 883	7 200	8 004	9 008	9 107
	Northern Territory	4 407	2 165	1 910	2 166	2 354	2 727
	Australian Capital Territory	7 338	7 815	8 629	9 380	9 265	9 445