DECEMBER QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the December quarter 2013:

• Taxation revenue increased 16.2% to $109,733m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$4,079m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$9,263m.

			Sep Qtr 2013	Dec Qtr 2013	Sep Qtr 2013 to Dec Qtr 2013
			$m	$m	% change
Current Prices
Taxation revenue
	General government		94 445	109 733	16.2
Total revenue
	General government		118 955	133 707	12.4
	Public Non–Financial corporations		20 099	20 497	2.0
Total expenses
	General government		140 409	137 786	–1.9
	Public Non–Financial corporations		19 758	20 529	3.9
GFS Net operating balance
	General government		–21 453	–4 079	. .
	Public Non–Financial corporations		341	–32	. .
GFS Net lending(+)/borrowing(–)
	General government		–23 791	–9 263	. .
	Public Non–Financial corporations		–3 681	–2 731	. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2013 which will be included in the Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The key figures shown include Government Final Consumption Expenditure for general government and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the December quarter 2013:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $236m, a rise of 0.3% compared with September quarter 2013.
• Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 4.6%.

			Mar Qtr 2013(c)	Jun Qtr 2013	Sep Qtr 2013	Dec Qtr 2013	Sep Qtr 2013 to Dec Qtr 2013
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		5 429	5 448	5 438	5 504	1.2
	National – non-defence		21 467	21 694	22 089	22 155	0.3
	Total national		26 896	27 142	27 527	27 658	0.5
	State and local		41 269	41 487	41 798	42 569	1.8
	Total general government final consumption expenditure		68 165	68 629	69 326	70 227	1.3
Public gross fixed capital formation
	General government
		National – defence	1 267	1 209	1 514	1 624	7.2
		National – non–defence	2 125	2 283	2 343	2 481	5.9
		Total national	3 392	3 492	3 858	4 105	6.4
		State and local	8 657	8 304	8 004	8 325	4.0
		Total general government	12 049	11 796	11 862	12 429	4.8
	Public corporations
		Commonwealth	1 252	1 230	1 496	1 365	–8.7
		State and local	4 837	–125	4 739	5 121	8.1
		Total public corporations	6 089	1 105	6 234	6 486	4.0
	Total public gross fixed capital formation		18 138	12 901	18 096	18 915	4.5
Memorandum item
	Net purchases of second–hand assets by public sector		560	–5 169	648	649	0.2
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 296	5 295	5 267	5 313	0.9
	National – non-defence		21 238	21 360	21 568	21 479	–0.4
	Total national		26 534	26 655	26 834	26 792	–0.2
	State and local		40 652	40 664	41 177	41 455	0.7
	Total general government final consumption expenditure		67 186	67 320	68 011	68 247	0.3
Public gross fixed capital formation
	General government
		National – defence	1 267	1 207	1 518	1 626	7.1
		National – non-defence	2 129	2 285	2 337	2 481	6.1
		Total national	3 396	3 492	3 855	4 107	6.5
		State and local	8 787	8 398	8 006	8 294	3.6
		Total general government	12 183	11 889	11 861	12 400	4.6
	Public corporations
		Commonwealth	1 250	1 227	1 490	1 363	–8.5
		State and local	4 742	–243	4 617	4 979	7.8
		Total public corporations	5 993	984	6 107	6 342	3.8
	Total public gross fixed capital formation		18 175	12 874	17 968	18 743	4.3
Memorandum item
	Net purchases of second–hand assets by public sector		572	–5 381	665	669	0.5

. . not applicable
– nil or rounded to zero (including null cells)
(a) See paragraph 37 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2011–12.
(c) Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. These estimates should be interpreted with care.


DECEMBER QUARTER 2013 GFS RELEASE

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

Quarterly GFS are released for the current financial year only, other than in the September quarter, when the quarters of the previous financial year are presented. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat. no. 5512.0). The latest issue (2011–12) was released on 30 April 2013. Final annual GFS results for 2012–13 are scheduled for release by the ABS in April 2014.

Due to delays in supply from the Victorian Department of Treasury and Finance (Victorian DTF), Victorian General Government data for the March Quarter 2013 have been estimated by the ABS using best available sources with assistance from the Victorian DTF. This data is used in compiling the tables contained in the Main Features, Table 1 All Levels of Government – General Government, Table 4 Total State and Local, and Table 6 Victoria, Total State and Local. These estimates should be interpreted with care.

Table		Sep 13	Dec 13
Table 1 All Levels of Government – General Government		*	*
Table 2 All Levels of Government – Public Non-Financial Corporations		*	*
Table 3 Commonwealth Government		*	*
Table 4 Total State & 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 Territory		*
Table 12 Australian Capital Territory		*

EMISSIONS REDUCTION SCHEMES

The ABS released an Information Paper: Recording Emissions Reduction Schemes in ABS Statistics (cat. no. 5257.0.55.001) on 30 July 2012. This information paper summarises the nature and statistical treatment of emissions permit measures introduced under the Clean Energy Act 2011 and other greenhouse gas schemes currently in operation in Australia (including the Commonwealth Renewable Energy Target (RET) and the Carbon Farming Initiative).

The Australian System of Government Finance Statistics: Concepts, Sources and Methods (cat. no. 5514.0) was updated on 20 November 2012 to include details of the ABS implementation of emissions reduction schemes in GFS.

Emissions reduction scheme data are included in relevant GFS aggregates commencing with the September quarter 2012, with data for the Renewable Energy Certificates issued under the RET backcast in the time series. Separate data series for emissions reduction schemes are not available.


FORTHCOMING ISSUES

The release of GFS quarterly data is usually coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0). The scheduled release dates for the next two issues are:

Issue	5519.0.55.001	5206.0
March 2014 June 2014	3 June 2014 2 September 2014	4 June 2014 3 September 2014

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Jon Shaw on Brisbane (07) 3222 6054, email <public.finance@abs.gov.au>