MARCH QUARTER 2012 KEY FIGURES: ALL LEVELS OF GOVERNMENT


In the March quarter 2012:

• Taxation revenue decreased 5.4% to $95,817m.
• General government sector expenditure exceeded revenue resulting in a GFS net operating balance of –$6,601m.
• The GFS net lending(+)/borrowing(–) position for the general government sector was –$10,350m.

			Dec Qtr 2011	Mar Qtr 2012	Dec Qtr 2011 to Mar Qtr 2012
			$m	$m	% change
Current Prices
Taxation revenue
	General government		101 286	95 817	–5.4
Total revenue
	General government		122 176	118 406	–3.1
	Public Non–Financial corporations		18 240	19 133	4.9
Total expenses
	General government		125 741	125 007	–0.6
	Public Non–Financial corporations		17 738	18 145	2.3
GFS Net operating balance
	General government		–3 564	–6 601	..
	Public Non–Financial corporations		501	988	..
GFS Net lending(+)/borrowing(–)
	General government		–10 647	–10 350	..
	Public Non–Financial corporations		–2 034	–1 342	..

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES – KEY FIGURES

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

In the March quarter 2012:

• In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by $340m, a rise of 0.6% compared with December quarter 2011.
• General government gross fixed capital formation, in seasonally adjusted chain volume terms, decreased by 0.3%.

			Jun Qtr 2011	Sep Qtr 2011	Dec Qtr 2011	Mar Qtr 2012	Dec Qtr 2011 to Mar Qtr 2012
			$m	$m	$m	$m	% change
Current Prices
General government final consumption expenditure (a)
	National – defence		6 229	5 955	6 246	6 370	2.0
	National – non-defence		18 552	17 828	18 657	18 759	0.5
	Total national		24 782	23 783	24 903	25 130	0.9
	State and local		38 537	38 472	38 570	38 892	0.8
	Total general government final consumption expenditure		63 319	62 255	63 473	64 022	0.9
Public gross fixed capital formation
	General government
		National – defence	2 164	1 919	1 866	1 897	1.6
		National – non–defence	2 245	2 531	2 698	3 069	13.7
		Total national	4 409	4 450	4 565	4 965	8.8
		State and local	10 096	8 732	8 726	8 328	–4.6
		Total general government	14 504	13 182	13 291	13 293	–
	Public corporations
		Commonwealth	558	707	636	883	38.8
		State and local	5 458	4 944	5 062	4 944	–2.3
		Total public corporations	6 016	5 651	5 699	5 827	2.3
	Total public gross fixed capital formation		20 520	18 833	18 990	19 120	0.7
Memorandum item
	Net purchases of second–hand assets by public sector		–344	–136	–341	–175	..
Chain Volume (b)
General government final consumption expenditure (a)
	National – defence		6 092	5 847	6 108	6 231	2.0
	National – non-defence		18 048	17 757	18 135	18 160	0.1
	Total national		24 140	23 605	24 243	24 391	0.6
	State and local		36 608	36 520	36 327	36 519	0.5
	Total general government final consumption expenditure		60 748	60 125	60 570	60 910	0.6
Public gross fixed capital formation
	General government
		National – defence	2 376	2 133	2 072	2 091	0.9
		National – non-defence	2 227	2 634	2 858	3 211	12.4
		Total national	4 603	4 767	4 929	5 302	7.6
		State and local	9 765	8 495	8 442	8 036	–4.8
		Total general government	14 368	13 262	13 372	13 338	–0.3
	Public corporations
		Commonwealth	569	730	651	903	38.6
		State and local	5 331	4 838	4 907	4 781	–2.6
		Total public corporations	5 900	5 568	5 559	5 684	2.2
	Total public gross fixed capital formation		20 268	18 830	18 931	19 022	0.5
Memorandum item
	Net purchases of second–hand assets by public sector		–347	–142	–350	–180	..

– nil or rounded to zero (including null cells)
(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.


MARCH 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 in April 2013.

Table	Sep 11	Dec 11	Mar 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	*	*

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
June 2012 September 2012	4 September 2012 4 December 2012	5 September 2012 5 December 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 Jon Shaw on Canberra (02) 6252 5382, email <public.finance@abs.gov.au>