5512.0 - Government Finance Statistics, Australia, 2007-08 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 30/04/2009   
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ACCRUAL OPERATING RESULTS


ACCRUAL OPERATING RESULTS

The GFS net operating balance for all levels of government in 2007-08 was $29,512 million for the general government sector and $33,355 million for the total public sector.

GFS net lending in 2007-08 was $14,505 million for the general government sector and $3,292 million for the total public sector.

The following table shows 2007-08 GFS operating statement aggregates by sector across the various levels of government.

Operating Results - 2007-08
General Government
Non-financial Public Sector
Total Public Sector(a)
2007-08
2007-08
2007-08
$m
$m
$m
All levels of Government
GFS Revenue
417 391
453 422
468 344
GFS Expenses
387 880
421 765
434 989
GFS Net Operating Balance
29 512
31 657
33 355
Net acquisition of non-financial assets
15 007
29 949
30 062
GFS Net Lending(+)/Borrowing(-)
14 505
1 707
3 292
Commonwealth Government
GFS Revenue
303 291
308 777
314 626
GFS Expenses
279 987
285 304
289 615
GFS Net Operating Balance
23 304
23 472
25 011
Net acquisition of non-financial assets
1 973
2 719
2 720
GFS Net Lending(+)/Borrowing(-)
21 330
20 753
22 291
State and Local Government
GFS Revenue
184 011
214 389
223 504
GFS Expenses
176 973
205 517
214 473
GFS Net Operating Balance
7 038
8 872
9 031
Net acquisition of non-financial assets
12 056
26 248
26 360
GFS Net Lending(+)/Borrowing(-)
-5 018
-17 376
-17 329
Multi-jurisdictional(b)
GFS Revenue
17 031
17 687
17 687
GFS Expenses
15 774
16 268
16 268
GFS Net Operating Balance
1 257
1 418
1 418
Net acquisition of non-financial assets
977
982
982
GFS Net Lending(+)/Borrowing(-)
280
436
436
(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.