DECEMBER QUARTER 2012 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the December quarter 2012:

• Taxation revenue increased 13.9% to $105,461m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$2,928m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$8,150m.

			Sep Qtr 2012	Dec Qtr 2012	Sep Qtr 2012 to Dec Qtr 2012
			$m	$m	% change
Current Prices
Taxation revenue
	General government		92 624	105 461	13.9
Total revenue
	General government		115 320	130 350	13.0
	Public Non–Financial corporations		19 266	19 440	0.9
Total expenses
	General government		132 414	133 278	0.7
	Public Non–Financial corporations		18 135	19 820	9.3
GFS Net operating balance
	General government		–17 094	–2 928	. .
	Public Non–Financial corporations		1 131	–380	. .
GFS Net lending(+)/borrowing(–)
	General government		–20 129	–8 150	. .
	Public Non–Financial corporations		–1 959	–8 676	. .

. . not applicable


QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the December quarter 2012 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 2012:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure decreased by $117m, a fall of 0.2% compared with September quarter 2012.
• Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 2.2%.

			Mar Qtr 2012	Jun Qtr 2012	Sep Qtr 2012	Dec Qtr 2012	Sep Qtr 2012 to Dec Qtr 2012
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		5 985	5 938	6 193	6 252	0.9
	National – non-defence		20 778	21 699	20 411	20 495	0.4
	Total national		26 763	27 637	26 605	26 748	0.5
	State and local		40 083	40 782	40 661	41 022	0.9
	Total general government final consumption expenditure		66 845	68 419	67 265	67 769	0.7
Public gross fixed capital formation
	General government
		National – defence	2 401	2 146	1 116	990	–11.3
		National – non–defence	2 706	2 147	2 350	2 526	7.5
		Total national	5 107	4 293	3 466	3 515	1.4
		State and local	8 015	9 034	7 729	7 935	2.7
		Total general government	13 123	13 327	11 196	11 450	2.3
	Public corporations
		Commonwealth	732	846	987	965	–2.3
		State and local	5 042	3 947	4 720	8 442	78.9
		Total public corporations	5 775	4 792	5 707	9 407	64.8
	Total public gross fixed capital formation		18 897	18 119	16 903	20 857	23.4
Memorandum item
	Net purchases of second–hand assets by public sector		–222	–2 298	37	np	np
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		5 900	5 853	6 067	6 101	0.6
	National – non-defence		19 987	20 559	19 750	19 665	–0.4
	Total national		25 888	26 412	25 817	25 766	–0.2
	State and local		39 454	39 843	39 771	39 705	–0.2
	Total general government final consumption expenditure		65 342	66 255	65 588	65 471	–0.2
Public gross fixed capital formation
	General government
		National – defence	2 533	2 278	1 181	1 039	–12.0
		National – non-defence	2 701	2 145	2 344	2 530	7.9
		Total national	5 235	4 422	3 525	3 569	1.3
		State and local	7 977	8 922	7 637	7 838	2.6
		Total general government	13 211	13 344	11 162	11 407	2.2
	Public corporations
		Commonwealth	741	857	1 009	983	–2.6
		State and local	4 954	3 780	4 615	8 525	84.7
		Total public corporations	5 695	4 637	5 624	9 507	69.0
	Total public gross fixed capital formation		18 907	17 981	16 787	20 915	24.6
Memorandum item
	Net purchases of second–hand assets by public sector		–223	–2 316	39	np	np

np not available for publication but included in totals where applicable, unless otherwise indicated
(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 2010–11.


DECEMBER QUARTER 2012 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 (2010–11) was released on 17 April 2012. Final annual GFS results for 2011–12 are scheduled for release by the ABS on 16 April 2013.

Table	Sep 12	Dec 12
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	*

LARGE CAPITAL PROJECTS

The public non-financial corporations sector took ownership of some large capital projects that were completed during the December quarter 2012.


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 emission reduction schemes in GFS.

Emission 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 emission 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 2013 June 2013	4 June 2013 3 Sep 2013	5 June 2013 4 Sep 2013

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>