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ABOUT THIS ELECTRONIC RELEASE

This electronic release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format 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. Quarterly GFS are preliminary aggregations of public sector data and are replaced each year by the publication of final annual GFS. Data for previous quarters therefore were replaced by final annual GFS for the 2003-04 financial year released on 15 April 2005 in Government Finance Statistics 2003-04 Cat. No. 5512.0.

Table	Sep 04	Dec 04	Mar 05	Jun 05
Table 1 All levels of Government	*	*	*
Table 2 All levels of Government - Public Non Financial Corporations	*	*	*
Table 3 Commonwealth Government	*	*	*
Table 4 Total State and 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 Australia	*	*
Table 12 Australian Capital Territory	*	*

• In original terms, taxation revenue fell $2,607m to $67,236m, due mainly to decreases in taxes on income for enterprises, crude oil, LPG and petroleum excises, and taxes on financial and capital transactions.
• The general government GFS Net operating balance, in original terms, fell $230m to $5,908m.
• In original terms, the general government GFS Net lending position rose $786m, from $4,548m to $5,334m.

						Dec qtr 2004	Mar qtr 2005	% change Dec qtr 2004 to Mar qtr 2005
						$m	$m	%
Current prices
Taxation revenue
	General government					69,843	67,236	-3.7
Total revenue
	General government					83,288	81,602	-2.0
	Public non financial corporations					17,190	16,234	-5.6
Total expenses
	General government					77,150	75,694	-1.9
	Public non financial corporations					14,899	16,335	9.6
GFS Net operating balance
	General government					6,138	5,908	..
	Public non financial corporations					2,291	-102	..
GFS Net lending(+)/borrowing(-)
	General government					4,548	5,334	..
	Public non financial corporations					908	-852	..

• In seasonally adjusted chain volume terms, total general government final consumption expenditure fell 0.6% in March quarter 2005.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, rose 1.4% in March quarter 2005.

	Dec qtr 2004 $m	Mar qtr 2005 $m	% change Dec qtr 2004 to Mar qtr 2005 %
Current Prices
General government final consumption expenditure (a)
National-defence	3,692	3,506	-5.0
National-non defence	11,905	11,978	0.6
Total national	15,598	15,484	-0.7
State and local	23,575	23,428	-0.6
Total general government final consumption expenditure	39,173	38,912	-0.7
Public gross fixed capital formation
General government
National-defence	319	266	-16.5
National-non defence	871	792	-9.1
Total national	1,190	1,058	-11.1
State and local	3,407	3,636	6.7
Total general government	4,597	4,693	2.1
Public corporations
Commonwealth	895	909	1.5
State and local	2,457	2,423	-1.4
Total public corporations	3,353	3,331	-0.6
Total public gross fixed capital formation	7,950	8,025	0.9
Memorandum item
Total net sales of public second hand assets	-201	-109	..
Chain Volume (b)
General government final consumption expenditure (a)
National-defence	3,838	3,640	-5.1
National-non defence	10,897	10,918	0.2
Total national	14,735	14,558	-1.2
State and local	21,971	21,915	-0.3
Total general government final consumption expenditure	36,706	36,473	-0.6
Public gross fixed capital formation
General government
National-defence	354	299	-15.5
National-non defence	923	841	-8.9
Total national	1,277	1,140	-10.7
State and local	3,318	3,520	6.1
Total general government	4,595	4,661	1.4
Public corporations
Commonwealth	911	920	1.0
State and local	2,400	2,342	-2.4
Total public corporations	3,311	3,263	-1.5
Total public gross fixed capital formation	7,906	7,923	0.2
Memorandum item
Total net sales of public second hand assets	-209	-111	..