JUNE QUARTER 2007 KEY FIGURES: ALL LEVELS OF GOVERNMENT

March quarter 2007 to June quarter 2007 movements (in original terms) -

• Taxation revenue increased by 14.0% to $89,494m.
• The GFS net operating balance for the general government sector increased to 12,023m.
• The GFS net lending(+)/borrowing(-) position for the general government sector increased to a net lending position of $7,403m.

			Mar qtr 2007	Jun qtr 2007	% change Mar qtr 2007 to Jun qtr 2007
			$m	$m	%
Current Prices
Taxation revenue
	General government		78,519	89,494	14.0
Total revenue
	General government		94,907	108,674	14.5
	Public Non-Financial corporations		13,571	15,041	10.8
Total expenses
	General government		88,170	96,651	9.6
	Public Non-Financial corporations		12,683	13,986	10.3
GFS Net operating balance
	General government		6,737	12,023	..
	Public Non-Financial corporations		889	1,055	..
GFS Net lending(+)/borrowing(-)
	General government		4,484	7,403	..
	Public Non-Financial corporations		-1,421	-3,180	..

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the June quarter 2007 from the national accounts publication. The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted for current prices and in chain volume terms.

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by 0.5% in the June quarter 2007.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 14.0% in the June quarter 2007.

			Mar qtr 2007	Jun qtr 2007	% change Mar qtr 2007 to Jun qtr 2007
			$m	$m	%
Current Prices
General government final consumption expenditure (a)
	National - defence		4,305	4,089	-5.0
	National - non-defence		14,560	14,640	0.5
	Total national		18,864	18,728	-0.7
	State and local		29,069	30,002	3.2
	Total general government final consumption expenditure		47,933	48,731	1.7
Public gross fixed capital formation
	General government
		National - defence	334	526	57.5
		National - non-defence	929	1,210	30.2
		Total national	1,263	1,736	37.4
		State and local	4,560	4,818	5.6
		Total general government	5,823	6,553	12.5
	Public corporations
		Commonwealth	209	249	18.8
		State and local	4,044	4,715	16.6
		Total public corporations	4,254	4,963	16.7
	Total public gross fixed capital formation		10,077	11,517	14.3
Memorandum item
	Net purchases of second-hand assets by public sector		-501	-468	. .
Chain Volume (b)
General government final consumption expenditure (a)
	National - defence		3,896	3,706	-4.9
	National - non-defence		13,994	14,061	0.5
	Total national		17,889	17,767	-0.7
	State and local		25,693	26,014	1.3
	Total general government final consumption expenditure		43,582	43,781	0.5
Public gross fixed capital formation
	General government
		National - defence	391	640	63.6
		National - non-defence	979	1,307	33.6
		Total national	1,370	1,947	42.1
		State and local	4,415	4,647	5.2
		Total general government	5,785	6,593	14.0
	Public corporations
		Commonwealth	193	227	17.7
		State and local	3,443	4,053	17.7
		Total public corporations	3,636	4,280	17.7
	Total public gross fixed capital formation		9,421	10,874	15.4
Memorandum item
	Net purchases of second-hand assets by public sector		-488	-461	. .

(a) See paragraph 32 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.
(b) Reference year for chain volume measures is 2004-05.


JUNE QUARTER 2007 GFS RELEASE

This release presents quarterly government finance statistics (GFS) 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.

Telstra Corporation was effectively privatised on 20 November 2006. For the purposes of ABS statistics this change from the public to the private sector is effective from the March quarter 2007. This change has impacted on the data series presented in this publication, particularly the March and June quarter data presented in Table 2 All levels of Government - Public Non-financial Corporations. For more information please see ABS cat. no. 8102.0, Future Treatment of Telstra in ABS Statistics 2007

Quarterly GFS are released for the current financial year only. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2005-06) was released on 3 April 2007.

Table	Sept 06	Dec 06	Mar 07	Jun 07
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 Total State & Local	*	*	*
Table 6 Victoria Total State & Local	*	*	*
Table 7 Queensland Total State & Local	*	*	*
Table 8 South Australia Total State & Local	*	*	*
Table 9 Western Australia Total State & Local	*	*	*
Table 10 Tasmania Total State & Local	*	*	*
Table 11 Northern Territory Total State & Local	*	*	*
Table 12 Australian Capital Territory Total State & Local	*	*	*

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 release of the June quarter 2007 issue of 5206.0 was brought forward to 04/09/2007. The scheduled release dates for the September quarter 2007 and December quarter 2007 issues are:

Issue	5519.0.55.001	5206.0
September 2007	04/12/2007	05/12/2007
December 2008	04/03/2008	05/03/2008

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 Mark Patton on Canberra (02) 6252 7589, email <public.finance@abs.gov.au>.