DECEMBER QUARTER 2011 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the December quarter 2011 –

• Taxation revenue increased 21.6% to $101,122m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$3,736m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$11,361m.

			Sept Qtr 2011	Dec Qtr 2011	Sept Qtr 2011 to Dec Qtr 2011
			$m	$m	% change
Current Prices
Taxation revenue
	General government		83 130	101 122	21.6
Total revenue
	General government		105 043	122 160	16.3
	Public Non–Financial corporations		18 902	18 172	– 3.9
Total expenses
	General government		125 606	125 896	0.2
	Public Non–Financial corporations		18 170	17 484	– 3.8
GFS Net operating balance
	General government		– 20 563	– 3 736	..
	Public Non–Financial corporations		731	688	..
GFS Net lending(+)/borrowing(–)
	General government		– 24 035	– 11 361	..
	Public Non–Financial corporations		– 2 261	– 1 810	..

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2011 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 and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted in current prices and chain volume terms.

In the December quarter 2011:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $627m, a rise of 1.0% compared with September quarter 2011.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 1.0%.

			Mar Qtr 2011	Jun Qtr 2011	Sep Qtr 2011	Dec Qtr 2011	Sep Qtr 2011 to Dec Qtr 2011
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)			6 104	6 223	5 961	6 232	4.5
	National – defence		18 503	18 536	17 834	18 643	4.5
	National – non-defence		24 607	24 759	23 795	24 875	4.5
	Total national		37 672	38 525	38 426	38 897	1.2
	State and local
	Total general government final consumption expenditure		62 280	63 284	62 221	63 772	2.5
Public gross fixed capital formation
	General government
		National – defence	1 651	2 243	1 929	1 871	-3.0
		National – non–defence	3 057	2 231	2 518	2 580	2.5
		Total national	4 708	4 474	4 447	4 451	0.1
		State and local	9 941	10 107	8 775	8 921	1.7
		Total general government	14 648	14 581	13 222	13 371	1.1
	Public corporations
		Commonwealth	550	542	613	529	-13.8
		State and local	5 517	5 448	4 933	5 048	2.3
		Total public corporations	6 067	5 989	5 547	5 576	0.5
	Total public gross fixed capital formation		20 715	20 570	18 768	18 948	1.0
Memorandum item
	Net purchases of second–hand assets by public sector		-61	-344	-156	-328	..
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 998	6 087	5 853	6 092	4.1
	National – non-defence		18 051	18 043	17 759	18 120	2.0
	Total national		24 049	24 130	23 612	24 212	2.5
	State and local		36 138	36 609	36 487	36 514	0.1
	Total general government final consumption expenditure		60 187	60 739	60 099	60 726	1.0
Public gross fixed capital formation
	General government
		National – defence	1 781	2 460	2 143	2 077	-3.1
		National – non-defence	3 014	2 191	2 594	2 705	4.3
		Total national	4 796	4 651	4 737	4 783	1.0
		State and local	9 760	9 778	8 539	8 632	1.1
		Total general government	14 555	14 429	13 276	13 415	1.0
	Public corporations
		Commonwealth	558	552	627	534	-14.9
		State and local	5 431	5 322	4 828	4 885	1.2
		Total public corporations	5 989	5 873	5 455	5 419	-0.7
	Total public gross fixed capital formation		20 544	20 302	18 731	18 834	0.6
Memorandum item
	Net purchases of second–hand assets by public sector		-62	-347	-162	-336	..

(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 2009–10.


DECEMBER QUARTER 2011 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 (2009–10) was released on 5 July 2011. Final annual GFS results for 2010–11 are scheduled for release by the ABS on 17 April 2012.

Table	Sep 11	Dec 11
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	*

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 2012 June 2012	5 June 2012 4 September 2012	6 June 2012 5 September 2012

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 Larissa Fischer on Canberra (02) 6252 5392, email <public.finance@abs.gov.au>