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ABOUT THIS ELECTRONIC RELEASE

This electronic release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format for the general government sector, with the exception of Table 2 which presents data for the public non financial corporations sector.

Commencing with this issue, quarterly GFS are being released for the current financial year only. Quarterly GFS are preliminary aggregations of public sector data and are replaced each year by the publication of final annual GFS. Data for previous quarters therefore, will be replaced by final annual GFS for the 2003-04 financial year which are due for release on 15 April 2005 in Government Finance Statistics 2003-04 Cat. No. 5512.0.

Table	Sep 04	Dec 04	Mar 05	Jun 05
Table 1 All levels of Government	*	*
Table 2 All levels of government - Public Non Financial Corporations	*	*
Table 3 Commonwealth Government	*	*
Table 4 Total State and local	*	*
Table 5 New South Wales	*
Table 6 Victoria	*
Table 7 Queensland	*
Table 8 South Australia	*
Table 9 Western Australia	*
Table 10 Tasmania	*
Table 11 Northern Australia	*
Table 12 Australian Capital Territory	*

• In original terms, taxation revenue rose $7,149m to $69,609m, due mainly to increases in taxes on income for individuals and enterprises.
• The general government GFS Net operating balance, in original terms, rose $4,165m to $5,311m.
• In original terms, the general government GFS Net lending position rose $2,783m, from $1,075m to $3,858m.

						Sep qtr 2004	Dec qtr 2004	% change Sep qtr 2004 to Dec qtr 2004
						$m	$m	%
Current prices
Taxation revenue
	General government					62,460	69,609	11.4
Total revenue
	General government					76,505	82,939	8.4
	Public non financial corporations					15,761	16,765	6.4
Total expenses
	General government					75,359	77,628	3.0
	Public non financial corporations					15,765	14,374	-8.8
GFS Net operating balance
	General government					1,146	5,311	..
	Public non financial corporations					-4	2,391	..
GFS Net lending(+)/borrowing(-)
	General government					1,075	3,858	..
	Public non financial corporations					-1,225	994	..

• In seasonally adjusted chain volume terms, total general government final consumption expenditure rose 1.2% in December quarter 2004.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, rose 2.1% in December quarter 2004.

						Sep qtr 2004	Dec qtr 2004	% change Sep qtr 2004 to Dec qtr 2004
						$m	$m	%
Current prices
General government final consumption expenditure (a)
	National
		Defence				3,502	3,695	5.5
		Non defence				11,730	12,058	2.8
	State and local					23,166	23,481	1.4
	Total general government					38,398	39,235	2.2
Gross fixed capital formation
	General Government					4,723	4,863	3.0
	Public corporations					3,274	3,410	4.1
Chain volume (b)
General government final consumption expenditure(a)
	National
		Defence				3,701	3,911	5.7
		Non defence				10,923	11,023	0.9
	State and local					21,789	21,932	0.7
	Total general government					36,413	36,866	1.2
Gross fixed capital formation
	General government					4,774	4,875	2.1
	Public corporations					3,267	3,374	3.3