JUNE QUARTER 2013 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the June quarter 2013:

• Taxation revenue increased 12.8% to $115,379m.
• General government sector revenue exceeded expenditure resulting in a GFS net operating balance of $2,580m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was $226m.

			Mar Qtr 2013(a)	Jun Qtr 2013	Mar Qtr 2013(a) to Jun Qtr 2013
			$m	$m	% change
Current Prices
Taxation revenue
	General government		102 322	115 379	12.8
Total revenue
	General government		126 009	142 689	13.2
	Public Non–Financial corporations		19 980	21 552	7.9
Total expenses
	General government		131 347	140 109	6.7
	Public Non–Financial corporations		19 529	23 644	21.1
GFS Net operating balance
	General government		–5 338	2 580	. .
	Public Non–Financial corporations		451	–2 091	. .
GFS Net lending(+)/borrowing(–)
	General government		–8 697	226	. .
	Public Non–Financial corporations		–697	–1 535	. .

. . not applicable
(a) 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.

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

The table below includes the key public sector aggregates for the June 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 June quarter 2013:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $519 m, a rise of 0.8% compared with March quarter 2013.
• Total general government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 3.7%.

			Sep Qtr 2012	Dec Qtr 2012	Mar Qtr 2013(c)	Jun Qtr 2013	Mar Qtr 2013(c) to Jun Qtr 2013
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		6 195	6 245	6 217	6 323	1.7
	National – non-defence		20 427	20 512	20 809	20 973	0.8
	Total national		26 622	26 758	27 025	27 295	1.0
	State and local		40 725	40 888	41 257	42 026	1.9
	Total general government final consumption expenditure		67 347	67 646	68 282	69 321	1.5
Public gross fixed capital formation
	General government
		National – defence	1 130	842	1 035	982	–5.1
		National – non–defence	2 553	2 556	2 328	2 465	5.9
		Total national	3 683	3 398	3 362	3 446	2.5
		State and local	8 043	8 595	9 202	8 718	–5.3
		Total general government	11 725	11 993	12 564	12 164	–3.2
	Public corporations
		Commonwealth	921	898	985	965	–2.1
		State and local	4 656	8 506	4 410	–158	np
		Total public corporations	5 577	9 404	5 395	807	–85.0
	Total public gross fixed capital formation		17 302	21 397	17 959	12 971	–27.8
Memorandum item
	Net purchases of second–hand assets by public sector		74	4 657	407	–5 546	np
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		6 069	6 095	6 053	6 155	1.7
	National – non-defence		19 765	19 707	19 985	20 083	0.5
	Total national		25 834	25 802	26 039	26 238	0.8
	State and local		39 827	39 604	39 806	40 125	0.8
	Total general government final consumption expenditure		65 661	65 405	65 844	66 363	0.8
Public gross fixed capital formation
	General government
		National – defence	1 302	1 019	1 316	1 222	–7.2
		National – non-defence	2 642	2 658	2 410	2 563	6.3
		Total national	3 944	3 676	3 726	3 785	1.6
		State and local	7 970	8 521	9 122	8 584	–5.9
		Total general government	11 914	12 197	12 848	12 368	–3.7
	Public corporations
		Commonwealth	941	911	1 005	980	–2.5
		State and local	4 569	8 631	4 314	–386	np
		Total public corporations	5 511	9 542	5 320	593	–88.8
	Total public gross fixed capital formation		17 424	21 739	18 168	12 961	–28.7
Memorandum item
	Net purchases of second–hand assets by public sector		78	4 827	418	–5 574	np

np not available for publication but included in totals where applicable, unless otherwise indicated
(a) See paragraph 35 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.
(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.


JUNE 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 12	Dec 12	Mar 13	Jun 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 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
September 2013 December 2013	3 December 2013 4 March 2014	4 December 2013 5 March 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>